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Goldman plans 14-month capped gears with 3x leverage on index basket
By Susanna Moon
Chicago, Nov. 15 – GS Finance Corp. plans to price 0% capped gears due Jan. 31, 2019 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum gain of 15.25% to 17.25%.
Investors will be exposed to any losses.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price on Nov. 28.
The Cusip number is 36254F327.
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