Terracotta Tutorial by Pixel's Paintshop
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Foreground colour is Peach (R232, G150, B116 or #E89674)
Background colour is white
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Lay down the text or ding. I rotated it before I did the next steps so the shadows would be on the proper sides.
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Cutout Settings:
Fill with foreground colour
Shadow is white
Opacity is 100
Blur is 3
Horizontal and veritcal offsets both 2
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Drop Shadow settings
Shadow colour is black
Opacity is 100
Blur is 10
Horizontal and vertical offsets are both 5
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I was also trying to match it to a peach oval on the page, so I adjusted the colours a bit on the brightness and contrast:
Colours|Adjust||Brightness/contrast
brightness at 5% and contrast at 0. It fades the peach out some