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Goldman Sachs planning buffered notes linked to MSCI EAFE index
By Angela McDaniels
Tacoma, Wash., Aug. 11 – Goldman Sachs Group, Inc. plans to price 0% buffered notes linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The tenor of the notes is expected to be 24 to 27 months.
If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum settlement amount that is expected to be $1,170 to $1,200 per $1,000 principal amount of notes. Investors will receive par if the index falls by 15% or less and will lose 1.1765% for every 1% that the index declines beyond 15%.
The exact maturity date and maximum settlement amount will be set at pricing.
Goldman Sachs & Co. is the underwriter.
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