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Goldman Sachs plans trigger notes due 2016 linked to S&P 500
By Marisa Wong
Madison, Wis., Oct. 9 – Goldman Sachs Group, Inc. plans to price 0% trigger notes due April 13, 2016 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 79.25% barrier level during the life of the notes and finishes at or above the barrier level, the payout at maturity will be par plus the greater of any gain and 0%.
Otherwise, investors will be fully exposed to any losses.
Goldman Sachs & Co. is the underwriter.
The notes will price on Oct. 10 and settle on Oct. 16.
The Cusip number is 38147QKH8.
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