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Goldman plans PLUS due 2018 with 3x leverage, cap tied to S&P 500
By Susanna Moon
Chicago, Jan. 19 – GS Finance Corp. plans to price 0% Performance Leveraged Upside Securities due March 1, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum payment of $11.535 per PLUS.
Investors will be exposed to any losses.
Goldman Sachs & Co. is the agent with Morgan Stanley Wealth Management as the dealer.
The notes will price on Jan. 25.
The Cusip number is 36251U731.
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