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GS Finance plans to issue leveraged notes linked to Euro Stoxx 50
By Tali Rackner
Norfolk, Va., Feb. 23 – GS Finance Corp. plans to price 0% leveraged notes linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature between 18 and 21 months.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum settlement amount of $1,309 to $1,363 per $1,000 principal amount of notes.
If the index return is negative, investors will be fully exposed to the decline.
Goldman Sachs & Co. is the underwriter.
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