GS Finance plans leveraged buffered notes on iShares MSCI EAFE ETF

By Tali Rackner

Minneapolis, Aug. 28 – GS Finance Corp. plans to price 0% leveraged buffered notes due Sept. 17, 2020 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 1.4 times the return, up to a maximum settlement amount of $1,445 per $1,000 principal amount.

Investors will receive par if the fund falls by up to 20% and lose 1.25% for every 1% decline in the fund beyond 20%.

Goldman Sachs & Co. is the underwriter.

The notes will price on Sept. 14 and settle on Sept. 19.

The Cusip number is 40054LQ31.

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