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Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
Goldman plans five-year leveraged notes tied to Euro Stoxx 50
By Emma Trincal
New York, Nov. 13 – GS Finance Corp. plans to price 0% leveraged notes due Nov. 17, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 3.7 times any index gain.
If the index declines by up to 30%, the payout will be par.
Otherwise, investors will be exposed to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price on Nov. 14 and settle on Nov. 19.
The Cusip number is 40056EGK8.
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