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GS Finance plans to price trigger gears linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Sept. 11 – GS Finance Corp. plans to price 0% trigger gears due Sept. 30, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 2.2 to 2.3 times the index return. The exact leverage amount will be set at pricing. Investors will receive par if the index declines by 30% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 30%.
Goldman Sachs & Co. is the underwriter.
The notes will price Sept. 27.
The Cusip number is 36253M760.
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