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GS Finance plans to price PLUS due 2018 linked to Russell 2000 index
New York, March 15 – GS Finance Corp. plans to price 0% Performance Leveraged Upside Securities due July 5, 2018 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.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return that is expected to be 17%.
If the final index level is less than the initial index level, investors will be fully exposed to the decline.
Goldman Sachs & Co. is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
The notes will price on March 31 and settle three business days later.
The Cusip number is 36251V416.
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