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GS Finance plans index-linked trigger notes due 2020 tied to S&P 500
By Sarah Lizee
Olympia, Wash., June 18 – GS Finance Corp. plans to price 0% index-linked trigger notes due Dec. 23, 2020 based on the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the final level of the index is equal to or greater than 81.5% of the initial index level, the payout at maturity will be the greater of par plus the return of the index and zero.
If the final level of the index is less than the 81.5% trigger level, investors will be fully exposed to the losses in the index.
Goldman Sachs & Co. LLC is the underwriter. J.P. Morgan Securities LLC is the placement agent.
The notes are expected to price on June 21.
The Cusip number is 40056FPP4.
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