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GS Finance to price leveraged buffered notes due 2021 on EAFE index
By Sarah Lizee
Olympia, Wash., Oct. 12 – GS Finance Corp. plans to price 0% leveraged buffered notes due Oct. 22, 2021 linked to the MSCI EAFE index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 1.05 times the index gain, capped at $1,400 per $1,000 of notes.
If the index falls by up to 40%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline beyond the 40% buffer.
Goldman Sachs & Co. is the agent.
The notes will price on Oct. 19 and settle on Oct. 24.
The Cusip number is 40056EB49.
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