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Goldman Sachs plans to price autocallable notes linked to S&P 500
By Susanna Moon
Chicago, Feb. 1 - Goldman Sachs Group, Inc. plans to price 0% autocallable index-linked notes due Feb. 6, 2013 based on the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a premium if the index closes at or above the initial index level on any of three call observation dates. The premium will be 8.97% if the notes are called on Feb. 8, 2012, 13.2% if they are called on Aug. 1, 2012 and 17.6% if they are called on Feb. 1, 2013.
The payout at maturity will be par if the index falls by up to 10%. Otherwise, investors will lose 1.1111% for every 1% decline beyond 10%.
The exact terms of the notes (Cusip 38143URE3) will be set at pricing.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as co-agent.
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