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GS Finance plans to price trigger notes linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., June 28 – GS Finance Corp. plans to price 0% trigger notes due Aug. 14, 2017 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 85% of the initial index level, the payout at maturity will be par plus 8.6%. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as placement agent.
The notes will price June 29.
The Cusip number is 40054KEQ5.
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