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Goldman plans 18-month trigger notes on iShares MSCI Emerging Markets
By Susanna Moon
Chicago, Feb. 8 - Goldman Sachs Group, Inc. plans to price 0% underlier-linked trigger notes based on the performance of the iShares MSCI Emerging Markets index fund index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature 18 months after issue.
A trigger event occurs if the index falls by more than 30% during the life of the notes.
If a trigger event does not occur, the payout will be par plus any index gain, up to a maximum settlement amount of $1,200 per $1,000 principal amount of notes. Investors will receive at least 13.35%.
If a trigger event occurs, the payout at maturity will be par plus the index return, with exposure to any losses. Any gains will be capped at 20%.
The exact deal terms for the notes (Cusip 38143URL7) will be set at pricing.
Goldman Sachs & Co. is the underwriter.
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