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GS Finance to price notes due 2022 linked to iShares EAFE, EM funds
By Sarah Lizee
Olympia, Wash., Nov. 8 – GS Finance Corp. plans to price 0% ETF-linked notes due June 3, 2022 linked to the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each ETF return is zero or positive, the payout at maturity will par plus 2.2 to 2.35 times the laggard ETF return.
If the laggard ETF falls by up to 30%, the payout will be par. If the laggard ETF falls by more than 30%, investors will be fully exposed to the decline of the laggard ETF.
Goldman Sachs & Co. is the agent.
The notes will price on Nov. 30 and settle on Dec. 5.
The Cusip number is 40056EFS2.
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