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GS Finance plans to price capped gears linked to EM index
By Sarah Lizee
Olympia, Wash., Jan. 27 – GS Finance Corp. plans to price 0% capped gears due April 1, 2021 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 3 times the index gain, capped at $11.50 per $10 face amount of notes.
Otherwise, investors will be fully exposed to the index decline.
Goldman Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
The notes will price on Jan. 29.
The Cusip number is 36259H286.
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