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GS Finance plans to price one-year index-linked notes tied to S&P 500
By Devika Patel
Knoxville, Tenn., April 5 – GS Finance Corp. plans to price 0% index-linked notes due April 26, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the closing level of the index is at least 84.25% of the initial level, the payout at maturity will be par plus the absolute value of the index return, with a maximum settlement amount of $1,070 per $1,000 of notes.
Investors will be exposed to any losses if the final level of the index is less than the 84.25% trigger level.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40054KAC0) will price April 8 and settle April 13.
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