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Goldman plans three-year dual directional trigger PLUS tied to S&P 500
By Susanna Moon
Chicago, July 28 – GS Finance Corp. plans to price 0% dual directional Trigger Performance Leveraged Upside Securities due Aug. 5, 2019 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par of $10.00 plus 200% of the return, up to a maximum payment of $12.80 per PLUS.
If the index falls by up to 20%, the payout will be par plus the absolute value of the return.
If the index falls below the 80% trigger level, investors will be fully exposed to any losses.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman, Sachs & Co. is the agent. Morgan Stanley Wealth Management is the dealer.
The notes will price on July 29.
The Cusip number is 36250Y452.
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