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Goldman plans trigger performance securities on iShares MSCI EAFE
By Jennifer Chiou
New York, Aug. 5 – Goldman Sachs Group, Inc. plans to price 0% trigger performance securities due Aug. 30, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par of $10 plus 1.4 to 1.5 times the fund gain. The exact participation rate will be set at pricing.
Investors will receive par if the fund falls by 25% or less and will be fully exposed to losses from the initial level if it falls by more than 25%.
The notes (Cusip: 38148C700) will price on Aug. 26 and settle on Aug. 29.
Goldman Sachs & Co. is the agent.
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