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Goldman Sachs plans five-year trigger PLUS with cap tied to S&P 500
By Susanna Moon
Chicago, July 26 – GS Finance Corp. plans to price 0% trigger Performance Leveraged Upside Securities due Aug. 4, 2021 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus 170% of the gain, up to a maximum payment of $17.50.
If the index falls by up to the 75% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Goldman, Sachs & Co. is the agent with Morgan Stanley Wealth Management as dealer.
The notes will price on July 29.
The Cusip number is 36250Y437.
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