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Goldman Sachs plans to price digital notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., May 12 – Goldman Sachs Group, Inc. plans to price 18- to 21-month 0% digital notes linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to negative 10%, the payout at maturity will be the maximum settlement amount, which is expected to be $1,100 to $1,117 per $1,000 principal amount of notes. Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.
The exact maturity date and maximum settlement amount will be set at pricing.
Goldman Sachs & Co. is the underwriter.
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