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Published on 9/28/2017 in the Prospect News Structured Products Daily.

GS Finance to price trigger PLUS due 2019 tied to Russell 2000 index

By Devika Patel

Knoxville, Tenn., Sept. 28 – GS Finance Corp. intends to sell 0% trigger Performance Leveraged Upside Securities due Feb. 5, 2019 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par of $10 plus triple any gain in the index, capped at $11.531 per $10 of notes.

Investors will receive par if the index remains flat and will lose 1% for each 1% decline from the initial level if the index finishes below the initial level.

Goldman Sachs & Co. is the agent, with Morgan Stanley Wealth Management handling distribution.

The notes (Cusip: 36253M810) will price on Oct. 13 and settle on three business days after pricing.


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