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Goldman Sachs to sell leveraged buffered notes on S&P 500, MSCI EAFE
By Marisa Wong
Madison, Wis., May 11 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered basket-linked notes based on the S&P 500 index with a 75% weight and the MSCI EAFE index with a 25% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will mature between 48 and 54 months after issue.
The payout at maturity will be par plus between 1.05 and 1.2 times the basket gain. The exact upside participation rate will be set at pricing.
Investors will receive par if the basket falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
Goldman Sachs & Co. is the underwriter.
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