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Goldman Sachs plans leveraged notes with 75% trigger linked to S&P 500
By Susanna Moon
Chicago, Feb. 10 - Goldman Sachs Group, Inc. plans to price 0% leveraged trigger notes due Nov. 30, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 75% trigger level, the payout at maturity will be par plus 127% of any index gain, with a minimum payout of par.
Otherwise, investors will be exposed to any losses.
Goldman Sachs & Co. is the underwriter.
The notes will price on Feb. 25 and settle on Feb. 28.
The Cusip number is 38147QKB1.
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