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GS Finance plans leveraged buffered notes on basket of indexes, fund
By Emma Trincal
New York, Nov. 6 – GS Finance Corp. plans to price 0% leveraged buffered notes due Nov. 18, 2022 linked to a basket of indexes and a fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket consists of the S&P 500 index with a 45.91% weight, the S&P MidCap 400 index with a 10.72% weight, the iShares MSCI EAFE Small Cap exchange-traded fund with a 9.56% weight, the MSCI Emerging Markets index with a 9.11% weight, the Euro Stoxx 50 index with an 8.71% weight, the Russell 2000 index with a 5.36% weight, the Topix index with a 5.23% weight, the FTSE 100 index with a 3.87% weight and the S&P/ASX 200 index with a 1.53% weight.
The payout at maturity will be par plus 1.15 times any basket gain.
Investors will receive par if the basket falls by 15% or less and lose 1% for every 1% basket decline beyond 15%.
Goldman Sachs & Co. is the underwriter.
The notes (Cusip: 40056EG85) are expected to price on Nov. 15 and settle on Nov. 20.
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