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Goldman to price leveraged buffered notes linked to S&P 500, MSCI EAFE
By Angela McDaniels
Tacoma, Wash., July 1 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered basket-linked notes with a tenor of 39 to 45 months, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index with a 67% weight and the MSCI EAFE index with a 33% weight.
The payout at maturity will be par plus 1.05 to 1.2 times any basket gain. Investors will receive par if the basket declines by 20% or less and will lose 1.25% for every 1% that it declines beyond 25%.
The maturity date and the upside participation rate will be set at pricing.
Goldman Sachs & Co. is the underwriter.
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