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Goldman Sachs plans digital notes with 80% trigger linked to S&P 500
By Susanna Moon
Chicago, April 30 - Goldman Sachs Group, Inc. plans to price 0% index-linked digital notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature 18 to 21 months after issue.
If the index finishes at or above the 80% trigger level, the payout at maturity will be the threshold settlement amount of $1,072.50 and $1,085.00 per $1,000 principal amount. The exact digital payment will be set at pricing.
Otherwise, investors will lose 1.25% for every 1% decline beyond 20%.
Goldman Sachs & Co. is the underwriter.
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