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Goldman Sachs amends leveraged buffered notes linked to MSCI EAFE
By Angela McDaniels
Tacoma, Wash., Sept. 9 – Goldman Sachs Group, Inc. changed the expected participation rate range for its upcoming five-year 0% leveraged buffered notes linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.35 times to 1.45 times the index return. Before the amendment, the participation rate was expected to be 1.3 times to 1.4 times. The exact participation rate will be set at pricing.
Like before, investors will receive par if the index falls by 25% or less and will lose 1.3333% for every 1% that the index decline beyond 25%.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 38147QER3.
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