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GS Finance plans 14-month capped gears linked to Euro Stoxx 50 index
By Marisa Wong
Morgantown, W.Va., Feb. 27 – GS Finance Corp. plans to price 0% capped gears due April 30, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par of $10 plus triple the index gain, subject to a maximum return that is expected to be 28% to 30% and will be set at pricing. Investors will lose 1% for each 1% decline from the initial level.
Goldman Sachs & Co. is the agent.
The notes will price on Feb. 28 and settle on March 3.
The Cusip number is 36251V119.
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