Clients were told in a message late Sunday that the New York-based bank would soon start trading claims in the so-called additional tier 1 bonds, or AT1s, according to the report.
The Swiss lender’s additional tier 1 shares with a nominal value of around 16 billion Swiss francs ($17.24 billion) will be written down completely after the Swiss government provided support for UBS’ takeover of Credit Suisse.
Goldman Sachs (NYSE:GS) declined to comment.
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