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Goldman plans six-year trigger notes linked to Morningstar Wide Moat
By Susanna Moon
Chicago, Jan. 3 - Goldman Sachs Group Inc. plans to price 0% trigger notes due Feb. 1, 2019 linked to the Morningstar Wide Moat Focus Target Volatility 20 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the trigger level, 70% to 75% of the initial level, the payout at maturity will be par plus any index gain, with a minimum payout of par.
Otherwise, investors will be fully exposed to losses.
The index allocates exposure between the Morningstar Wide Moat Focus Total Return index (the base index) and a hypothetical cash position based on the volatility of the base index over the prior 20 or 60 trading days, whichever is greater, less Libor.
Goldman Sachs & Co. is the underwriter.
The notes will price on Jan. 29 and settle on Jan. 31.
The Cusip number is 38141GLP7.
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