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Goldman Sachs plans trigger jump notes due 2020 linked to Apple
By Susanna Moon
Chicago, Aug. 24 – GS Finance Corp. plans to price 0% jump securities due March 4, 2020 linked to the Apple Inc. stock, according to a 424B2 filed with the Securities and Exchange Commission.
If the stock finishes at or above its initial level, the payout at maturity will be par of $10 plus 30%.
If the stock falls by up to 20%, the payout will be par.
If the stock finishes below its 80% downside threshold, investors will be fully exposed to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
The notes will price on Aug. 31.
The Cusip number is 36253M604.
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