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GS Finance to sell dual directional trigger PLUS tied to the S&P 500
By Wendy Van Sickle
Columbus, Ohio, Feb. 2 – GS Finance Corp. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due March 4, 2020 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above its initial level, the payout at maturity will be par plus double the gain, capped at $12.77 per $10 note.
If the index falls but finishes at or above the 80% trigger level, the payout will be par plus the absolute value of the return.
Otherwise, investors will lose 1% for each 1% decline.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 36251U798) will price on Feb. 28.
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