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GS Finance to price 18-month trigger notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Feb. 22 – GS Finance Corp. plans to price 0% trigger notes due Aug. 28, 2019 linked to 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 index level is greater than or equal to 86% of the initial index level, the payout at maturity will be par plus the greater of zero and the index return.
If the final index level is less than 86% 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 agent.
The notes will price on Feb. 23.
The Cusip number is 40055AN52.
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