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Goldman Sachs plans to price trigger notes linked to S&P 500 index
By Tali Rackner
Norfolk, Va., Sept. 22 – Goldman Sachs Group, Inc. plans to price 0% trigger notes due April 5, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index’s final level is greater than or equal to 82% of the initial level, the payout at maturity will be par plus the index return, subject to a minimum payout of par.
Otherwise, investors will be fully exposed to the index’s decline from its initial level.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is placement agent.
The notes are expected to price on Sept. 25 and settle on Sept. 30.
The Cusip number is 38148TF53.
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