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GS Finance plans underlier-linked notes on iShares MSCI EAFE, MSCI EM
New York, July 12 – GS Finance Corp. plans to price 0% underlier-linked notes due July 26, 2022 linked to the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the return of each ETF is positive, the payout at maturity will be par plus 2.3 times the gain of the lesser performing ETF.
If either ETF falls, but both finish at or above 50% of their respective initial levels, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing ETF from its initial level.
Goldman Sachs & Co. is the agent.
The notes will price on July 21 and settle on July 26.
The Cusip number is 40054LL51.
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