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GS Finance plans to price trigger notes due 2021 linked to S&P 500
By Angela McDaniels
Tacoma, Wash., March 14 – GS Finance Corp. plans to price 0% trigger notes due March 19, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to 65% of the initial index level, the payout at maturity will be par plus 1.5 times the index return, subject to a minimum payout of par. If the final index level is less than 65% of the initial index level, investors will be fully exposed to the index’s decline from its initial level.
Goldman Sachs & Co. is the underwriter.
The notes will price March 16.
The Cusip number is 40054K6P6.
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