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GS Finance plans 54-month leveraged notes linked to index, ETF basket
By Devika Patel
Knoxville, Tenn., Dec. 31 – GS Finance Corp. plans to price 54-month 0% leveraged notes linked to an unequally weighted basket of indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The exact maturity date of the notes will be set at pricing.
The basket consists of the Euro Stoxx 50 index with a 60% weight, the iShares MSCI Emerging Markets exchange-traded fund with a 20% weight and the Nikkei 225 index with a 20% weight.
If the basket return is positive, the payout at maturity will be par plus 205% to 210% of the basket return, with the exact participation rate to be set at pricing.
Investors will receive par if the basket declines by up to 40% and will lose 1% for each 1% decline beyond 40%.
Goldman Sachs & Co. is the agent.
The Cusip is 40056EPB8.
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