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Goldman to price index-linked trigger notes tied to S&P 500
By Jennifer Chiou
New York, Aug. 6 – Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due 2015 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial index level and closes at or above 95% of the initial level every trading day during the first three months after the trade date, the payout at maturity will be par plus 7% to 8%.
If the index finishes at or above the initial index level and closes below 95% of the initial level on any trading day during the first three months after the trade date, the payout at maturity will be par plus 14% to 16%.
Investors will share in any losses.
The Cusip is 38147QE77.
Goldman Sachs & Co. is the underwriter.
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