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GS Finance plans leveraged buffered notes linked to iShares MSCI EAFE
By Angela McDaniels
Tacoma, Wash., Sept. 6 – GS Finance Corp. plans to price two-year 0% leveraged buffered notes linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the ETF return is positive, the payout at maturity will be par plus 200% of the ETF return, subject to a maximum settlement amount that is expected to be $1,240 to $1,280 per $1,000 principal amount of notes and will be set at pricing. Investors will receive par if the ETF declines by 10% or less and will lose 1% for every 1% that the ETF declines beyond 10%.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 40054KJX5.
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