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Goldman Sachs plans absolute return trigger notes linked to MSCI EAFE
By Susanna Moon
Chicago, Aug. 28 - Goldman Sachs Group, Inc. plans to price 0% absolute return trigger notes linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature 15 to 17 months after issuance.
If the index stays within the barrier range throughout the life of the notes, the payout at maturity will be par plus the absolute value of the index return.
The lower barrier is expected to be 79% to 81% of the initial level, and the upper barrier is expected to be 119% to 121% of the initial level. The exact range will be set at pricing.
If the index is ever outside the range, the payout will be par.
Pricing and settlement dates were not disclosed in the filing.
Goldman, Sachs & Co. is the underwriter.
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