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Goldman Sachs plans to price PLUS due 2017 linked to S&P 500 index
By Marisa Wong
Morgantown, W.Va., Oct. 16 – Goldman Sachs Group, Inc. plans to price 0% Performance Leveraged Upside Securities due Feb. 2, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par of $10 plus 300% of the index gain, subject to a maximum return of 15%. If the final level is less than the initial level, investors will have one-to-one exposure to the decline.
Goldman, Sachs & Co. is the agent. Distribution is through Morgan Stanley Wealth Management.
The notes will price on Oct. 30.
The Cusip number is 38148X464.
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