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Goldman Sachs plans leveraged buffered notes linked to index basket
By Susanna Moon
Chicago, Nov. 21 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered notes linked to a basket of four indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the MSCI EAFE index with a 46% weight, the S&P 500 index with a 36% weight, the S&P MidCap 400 index with a 13% weight and the Russell 2000 index with a 5% weight.
The payout at maturity will be par plus 1.35 to 1.5 times any index gain, up to a maximum settlement amount of $1,109.50 for each $1,000 principal amount. The exact deal terms will be set at pricing.
Investors will receive par if the index falls by up to 30% and will lose 1.4286% for each 1% decline beyond 10%.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 38141GJV7.
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