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Goldman plans five-year trigger notes tied to Stoxx, MSCI EAFE fund
By Susanna Moon
Chicago, Oct. 24 – GS Finance Corp. plans to price 0% index-linked notes due Nov. 6, 2023 linked to the lesser performing of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying asset finishes at or above its initial level, the payout at maturity will be par plus 3 to 3.1 times the gain of the worse performing asset.
If either asset falls but finishes at or above its 50% threshold, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index or fund.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
The notes will price on Nov. 1.
The Cusip number is 40056E7B8.
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