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Goldman Sachs plans notes linked to SPDR Gold, iShares Silver trusts
By Angela McDaniels
Tacoma, Wash., Sept. 30 - Goldman Sachs Group, Inc. plans to price 0% basket-linked six-year notes tied to the SPDR Gold Trust and the iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The gold trust has a 75% weight in the basket, and the silver trust has a 25% weight.
The payout at maturity will be par plus any basket gain, subject to a maximum return that is expected to be 60% to 65% and will be set at pricing. Investors will receive at least par.
Goldman, Sachs & Co. is the underwriter.
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