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Goldman Sachs plans trigger performance securities on S&P 500
By Jennifer Chiou
New York, Feb. 3 – Goldman Sachs Group, Inc. plans to price 0% trigger performance securities due Feb. 28, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 107% to 117% of any index gain. The exact participation rate will be set at pricing.
Investors will receive par if the index falls by up to 40% and will be fully exposed to losses from the initial index level if it falls by more than 40%.
The notes (Cusip: 38148L551) will price on Feb. 24 and settle on Feb. 27.
Goldman Sachs & Co. is the underwriter.
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