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Goldman Sachs plans trigger notes due 2012 tied to the S&P 500 index
By Jennifer Chiou
New York, April 5 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due April 25, 2012 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if the index's closing level 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, which could be positive or negative. If a trigger event does not occur, the payout will be par plus the greater of the index return and 1.05%.
In either case, the return will be capped at a maximum of 20%.
The notes (Cusip: 38143UTR2) will price on April 8 and settle on April 13.
J.P. Morgan Securities LLC is the lead agent with Goldman Sachs & Co. as co-agent.
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