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Goldman Sachs plans buffered jump notes linked to 10-year CMS rate
By Angela McDaniels
Tacoma, Wash., July 5 – Goldman Sachs Group, Inc. plans to price 0% buffered jump securities due Aug. 15, 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 downside threshold, 85% of the initial reference rate, the payout at maturity will be par plus 13.5%. 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 July 8.
The Cusip number is 38148TNC9.
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