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GS Finance plans to price 15-month trigger notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Feb. 23 – GS Finance Corp. plans to price 0% trigger notes due May 31, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by the Goldman Sachs Group, Inc.
If the index finishes at or above the 85% trigger level, the payout at maturity will be par plus 7%.
Otherwise, investors will lose 1% for each 1% decline.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
The notes will price on Feb. 24.
The Cusip number is 40054KXE1.
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