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Goldman plans four-year leveraged buffer notes tied to indexes, funds
By Susanna Moon
Chicago, April 20 – GS Finance Corp. plans to price 0% leveraged buffered notes due May 3, 2021 linked to a basket of indexes and exchange-traded funds, according to a 424B2 filed with the Securities and Exchange Commission.
The basket is comprised of the S&P 500 index with a 70% weight, the iShares MSCI EAFE ETF with a 15% weight, the S&P MidCap 400 index with an 8% weight, the iShares MSCI Emerging Markets ETF with a 4% weight and the Russell 2000 index with a 3% weight.
The payout at maturity will be par plus 1.27 to 1.37 times any basket gain, with the exact participation rate to be set at pricing.
Investors will receive par if the basket falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.
Goldman, Sachs & Co. is the agent.
Goldman Sachs Group, Inc. is the guarantor.
The notes will price on April 28.
The Cusip number is 40054L6S8.
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