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GS Finance to price 18-month trigger notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., June 7 – GS Finance Corp. plans to price 0% trigger notes due Dec. 11, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to 83.65% of the initial index level, the payout at maturity will be par plus the greater of the index return and zero.
If the final index level is less than 83.65% of the initial index level, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Goldman Sachs & Co. LLC is the underwriter with JPMorgan as placement agent.
The notes are expected to price on June 8.
The Cusip number is 40055QEM0.
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