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Goldman plans PLUS due 2019 with 13.65% cap tied to S&P MidCap 400
By Susanna Moon
Chicago, July 5 – GS Finance Corp. plans to price Performance Leveraged Upside Securities due Nov. 5, 2019 linked to the S&P MidCap 400 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 $11.365 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 July 13.
The Cusip number is 36255U240.
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