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Goldman Sachs plans leveraged notes linked to S&P GSCI Enhanced Commodity, iShares MSCI EM
By Jennifer Chiou
New York, June 17 - Goldman Sachs Group, Inc. plans to issue 36- to 42-month 0% leveraged basket-linked notes tied to equal weights of the S&P GSCI Enhanced Commodity Index Excess Return and the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 55% to 65% of any increase in the basket. The participation rate will be set at pricing.
Investors will receive par for losses up to 10% and will share in any losses beyond 10%.
Pricing and settlement dates were not disclosed in the filing.
Goldman, Sachs & Co. is the underwriter.
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