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Goldman Sachs plans PLUS due 2017 tied to Financial Select Sector SPDR
By Susanna Moon
Chicago, July 26 – GS Finance Corp. plans to price 0% Performance Leveraged Upside Securities due Dec. 5, 2017 linked to the Financial Select Sector SPDR fund, according to an FWP 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 300% of any fund gain, up to a maximum payment of $11.625.
Investors will be exposed to any losses.
Goldman, Sachs & Co. is the agent with Morgan Stanley Wealth Management as dealer.
The notes will price on Aug. 17.
The Cusip number is 36250Y429.
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