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Goldman Sachs plans trigger notes due 2020 with no cap tied to indexes
By Susanna Moon
Chicago, Feb. 25 – GS Finance Corp. plans to price 0% notes due March 5, 2020 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the return of the worse performing index.
If either index falls but each index finishes above its 50% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
Goldman Sachs & Co. is the underwriter.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will price on March 2 and settle on March 7.
The Cusip number is 40054K3X2.
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