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Goldman plans PLUS due 2020 with 24% cap tied to Topix index
By Susanna Moon
Chicago, Sept. 7 – GS Finance Corp. plans to price Performance Leveraged Upside Securities due Jan. 3, 2020 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any index gain, up to a maximum payment of $12.40 per PLUS.
Investors will lose 1% for each 1% decline.
Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management as the dealer.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will price on Sept. 14.
The Cusip number is 36255U695.
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