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Goldman Sachs plans trigger notes with no cap linked to S&P 500
By Susanna Moon
Chicago, Dec. 20 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due June 25, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index always closes at or above the 69.5% trigger level during the life of the notes, the payout at maturity will be par plus the greater of any index gain and the contingent minimum return of zero.
Otherwise, the payout at maturity will be par plus the index return, with exposure to any losses.
Goldman Sachs & Co. is the underwriter, and J.P. Morgan Securities LLC is the placement agent.
The notes will price on Dec. 21 and settle on Dec. 27.
The Cusip number is 38141GLF9.
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