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Goldman Sachs plans to price trigger notes tied to S&P 500 index
By Toni Weeks
San Diego, Dec. 11 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due June 18, 2014 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 level falls by more than 30% on any day during the life of the notes.
If a trigger event occurs, the payout at maturity will be par plus the index return, which could be positive or negative.
If a trigger event does not occur, the payout at maturity will be par plus the greater of the index return and the contingent minimum return of zero.
Goldman Sachs & Co. is the underwriter, and J.P. Morgan Securities LLC is the placement agent.
The notes (Cusip: 38141GKZ6) are expected to price Dec. 14 and settle Dec. 19.
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