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Goldman to price trigger notes due 2014 linked to S&P 500 index
By Jennifer Chiou
New York, April 18 - Goldman Sachs Group, Inc. plans to price 0% trigger notes due Oct. 8, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index's closing level is at least 77% of the initial index level on every trading day during the life of the notes, the payout at maturity will be par plus greater of the index return and zero.
Otherwise, the payout will be par plus the index return, which could be positive or negative.
The notes (Cusip: 38141GSL9) are expected to price on April 19 and settle on April 24.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.
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