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GS Finance plans buffered PLUS due 2020 with cap tied to Stoxx 50
New York, Aug. 7 – GS Finance Corp. plans to price buffered Performance Leveraged Upside Securities due Aug. 20, 2020 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum payment of $12.74 per PLUS.
Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond the buffer.
Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management as the dealer.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will price on Aug. 15 and settle on Aug. 20.
The Cusip number is 36255U596.
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