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Goldman Sachs plans to price leveraged notes linked to index basket
By Angela McDaniels
Tacoma, Wash., March 2 – Goldman Sachs Group, Inc. plans to price 24- to 27-month 0% leveraged notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus three times the basket return, subject to a maximum settlement amount that is expected to be $1,270 to $1,312 per $1,000 principal amount of notes. If the basket return is negative, investors will have one-to-one exposure to the decline.
The exact maturity date and maximum settlement amount will be set at pricing.
Goldman Sachs & Co. is the underwriter.
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