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Published on 6/4/2014 in the Prospect News Structured Products Daily.

Goldman Sachs plans capped trigger notes due 2015 tied to S&P 500

By Marisa Wong

Madison, Wis., June 4 - Goldman Sachs Group, Inc. plans to price 0% trigger notes due June 24, 2015 linked 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 83.8% trigger level on every trading day during the life of the notes and finishes at or above the trigger level, the payout at maturity will be par plus any index gain, with a minimum payout of par.

Otherwise, the payout at maturity will be par plus the index return with exposure to any losses.

In both cases, the maximum settlement amount is $1,150 per $1,000 principal amount.

Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.

The notes are expected to price on June 6 and settle on June 11.

The Cusip number is 38147Q7M2.


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