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GS Finance plans buffered PLUS due 2021 linked to iShares MSCI EM ETF
By Sarah Lizee
Olympia, Wash., Aug. 13 – GS Finance Corp. plans to price 0% buffered Performance Leveraged Upside Securities due March 3, 2021 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the fund return is positive, the payout at maturity will be par of $10 plus 200% of the fund return, subject to a maximum payout of $13 per $10 of notes.
Investors will receive par if the fund declines by up to 10% and will lose 1% for each 1% decline in the fund beyond 10%.
Goldman Sachs & Co. is the agent with Morgan Stanley Wealth Management handling distribution.
The notes are expected to price on Aug. 31 and settle three business days later.
The Cusip is 36255U620.
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