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GS Finance plans trigger gears linked to iShares MSCI EAFE ETF
By Marisa Wong
Morgantown, W.Va., June 26 – GS Finance Corp. plans to price 0% trigger gears due July 2, 2020 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the fund return is positive, the payout at maturity will be par of $10 plus 1.28 to 1.38 times the fund gain. Investors will receive par if the fund declines by 25% or less and will lose 1% for each 1% decline from its initial level if the fund declines by more than 25%.
Goldman Sachs & Co. is the agent.
The notes will price on June 27.
The Cusip number is 36253M182.
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