Goldman plans index-linked trigger notes tied to S&P 500 index

By Jennifer Chiou

New York, Jan. 21 – Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due July 27, 2016 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above the trigger level, 77.75% of the initial level, on every day during the life of the notes and the final index level is equal to or greater than the 77.75% trigger level, the payout at maturity will be par plus the greater of the index return and zero.

If the index closes below the 77.75% trigger level during the life of the notes or the final index level is less than 77.75% of the initial level, the payout will be par plus the index return, with full exposure to any losses.

The final index level will be the average of the closing index levels on the five trading days ending July 22, 2016.

The notes (Cusip: 38147QSL1) will price on Jan. 23 and settle on Jan. 28.

Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the placement agent.

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