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Goldman to price index-linked trigger notes due 2013 tied to S&P 500
By Jennifer Chiou
New York, Jan. 18 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due Feb. 6, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if the index falls by more than 26% during the life of the notes.
If a trigger event occurs, the payout at maturity will be par plus the index return, with exposure to any losses.
If a trigger event does not occur, the payout at maturity will be par plus 10%.
In either case, the return will be capped at 10%.
The notes (Cusip: 38143UN31) will price on Jan. 20 and settle on Jan. 25.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
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