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GS Finance will conduct offering of PLUS linked to Russell 2000 index
By Devika Patel
Knoxville, Tenn., Oct. 3 – GS Finance Corp. plans to price 0% Performance Leveraged Upside Securities due Feb. 5, 2019 linked to the Russell 2000 index, according to an FWP filed with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above its initial level, the payout at maturity will be par plus triple the gain, capped at $11.531 per $10 note.
If the index falls, investors will lose 1% for each 1% decline.
Goldman Sachs & Co. is the agent, with Morgan Stanley Wealth Management handling distribution.
The notes (Cusip: 36253M810) will price on Oct. 12 and settle three business days after pricing.
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