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Prospect News home > News index > List of issuers G > Headlines for Goldman Sachs Group, Inc. > News item |
Goldman plans PLUS linked to S&P 500 index via Morgan Stanley
By Tali Rackner
Norfolk, Va., Oct. 2 – Goldman Sachs Group, Inc. plans to price 0% Performance Leveraged Upside Securities due Jan. 20, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 117.35%.
Investors will be fully exposed to any decline in the index from its initial level.
Goldman Sachs & Co. is the underwriter. Morgan Stanley Wealth Management is dealer.
The notes are expected to price on Oct. 16.
The Cusip number is 38148X407.
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