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Goldman Sachs plans to price one-year PLUS linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Nov. 13 – Goldman Sachs Group, Inc. plans to price 0% Performance Leveraged Upside Securities due Dec. 30, 2016 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 12%. If the final index level is less than the initial index level, investors will have one-to-one exposure to the decline.
Goldman Sachs & Co. is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
The notes are expected to price Nov. 25.
The Cusip number is 38148X605.
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