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GS Finance plans PLUS notes linked to iShares MSCI EM, Euro Stoxx 50
New York, July 19 – GS Finance Corp. plans to price 0% Performance Leveraged Upside Securities due Aug. 2, 2022 linked to a basket made up of the iShares MSCI Emerging Markets exchange-traded fund and the Euro Stoxx 50 index, according to an FWP filed with the Securities and Exchange Commission.
The ETF has a 70% weight in the basket while the Stoxx index is weighted at 30%.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the basket finishes at or above its initial level, the payout at maturity will be par plus 175% of the gain.
If the basket falls, investors will lose 1% for each 1% decline.
Goldman Sachs & Co. is the agent and Morgan Stanley Wealth Management will handle distribution.
The notes will price on July 28 and settle three business days later.
The Cusip number is 36253M448.
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