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Goldman Sachs plans buffered jump notes linked to 10-year CMS rate
By Angela McDaniels
Tacoma, Wash., May 23 – Goldman Sachs Group, Inc. plans to price 0% buffered jump securities due July 2, 2017 linked to the 10-year Constant Maturity Swap rate, according to an FWP filing with the Securities and Exchange Commission.
If the final reference rate is greater than or equal to the threshold reference, 85% of the initial reference rate, the payout at maturity will be par plus 10.5%. Otherwise, investors will lose 1% for every 1% that the reference rate declines below the threshold reference rate.
Goldman Sachs & Co. is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
The notes will price May 27.
The Cusip number is 38148TMX4.
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