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Goldman Sachs plans PLUS due 2017 with cap tied to Energy Select SPDR
By Susanna Moon
Chicago, Jan. 6 – GS Finance Corp. plans to price 0% Performance Leveraged Upside Securities due April 20, 2017 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any fund gain, up to a maximum payment at maturity of $12.45 per $10.00 PLUS.
Investors will be exposed to any losses.
Goldman, Sachs & Co. is the agent. Morgan Stanley Wealth Management is the dealer.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will price on Jan. 15.
The Cusip number is 36250E159.
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