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Goldman Sachs plans trigger performance notes on Euro Stoxx Low Risk
By Toni Weeks
San Luis Obispo, Calif., Jan. 6 – Goldman Sachs Group, Inc. plans to price 0% trigger performance securities due Jan. 31, 2020 linked to the Euro Stoxx Low Risk Weighted 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 150% to 160% of any index gain. The exact participation rate will be set at pricing.
Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial index level if it falls by more than 25%.
The notes (Cusip: 38148K884) will price Jan. 28 and settle Jan. 30.
Goldman Sachs & Co. is the underwriter.
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