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Goldman Sachs plans notes due 2015 with 78% trigger linked to S&P 500
By Susanna Moon
Chicago, Feb. 12 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due Aug. 19, 2015 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the 78% trigger level on every trading day during the life of the notes, the payout at maturity will be par plus the greater of 0% and any gain.
Otherwise, the payout will be par plus the index return, with full exposure to any losses.
Goldman Sachs & Co. is the underwriter.
The notes will price on Feb. 14 and settle on Feb. 20.
The Cusip number is 38147QPB6.
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