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GS Finance plans index-linked trigger notes due 2020 on Euro Stoxx 50
By Sarah Lizee
Olympia, Wash., July 19 – GS Finance Corp. plans to price 0% index-linked trigger notes due Jan. 23, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Goldman Sachs Group, Inc. will guarantee the notes.
If the index return is at least 63% of the initial level, the payout at maturity will be par plus the greater of the index return and zero.
Otherwise, investors will receive par plus the index return, with full exposure to the index decline.
The final index level will be the average of its levels on Jan. 13, 14, 15, 16 and 17 of 2020.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the placement agent.
The notes are expected to price July 20 and settle July 25.
The Cusip number is 40055QNF5.
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