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Goldman plans index-linked trigger notes due 2012 tied to S&P 500
By Susanna Moon
Chicago, Dec. 6 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due Dec. 24, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if the index falls by more than 20% during the life of the notes.
If a trigger event occurs, the payout at maturity will be par plus the index return with exposure to any losses.
If a trigger event does not occur, the payout at maturity will be par plus any index gain, with a contingent minimum return of 12%.
In either case, the return will be capped at 20%.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
The notes will price on Dec. 9 and settle on Dec. 14.
The Cusip number is 38143UJ28.
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