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GS Finance plans leveraged trigger notes due 2019 linked to Stoxx 50
By Sarah Lizee
Olympia, Wash., June 19 – GS Finance Corp. plans to price 0% leveraged trigger notes due Dec. 26, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to 75% of the initial index level, the payout at maturity will be par plus the greater of 1.405 times the index return and zero.
If the final index level is less than 75% of the initial index level, investors will be exposed to the decline.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
The notes are expected to price on June 22 and settle on June 27.
The Cusip number is 40055QGK2.
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