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Goldman to price trigger notes due 2014 linked to S&P 500 index
By Jennifer Chiou
New York, May 30 - Goldman Sachs Group, Inc. plans to price 0% trigger notes due Dec. 3, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index never closes below the 77.9% trigger level during the life of the notes, the payout at maturity will be par plus greater of any index gain and 0%.
Otherwise, the payout will be par plus the index return, with exposure to any losses.
The notes (Cusip: 38141GUM4) are expected to price on May 31 and settle on June 5.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.
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