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GS Finance to price trigger notes linked to S&P Regional Banks Select
By Marisa Wong
Morgantown, W.Va., April 12 – GS Finance Corp. plans to price 0% trigger notes due May 1, 2019 linked to the S&P Regional Banks Select Industry 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 the greater of the index return, capped at 28.5%, and zero.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
Goldman Sachs & Co. LLC is the underwriter with JPMorgan as placement agent.
The notes will price on April 13.
The Cusip number is 40055AY76.
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