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Goldman Sachs to sell uncapped trigger notes due 2014 on S&P 500 index
By Marisa Wong
Madison, Wis., June 18 - Goldman Sachs Group, Inc. plans to price 0% trigger notes due Dec. 24, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index never closes below the 75.75% trigger level during the life of the notes, the payout at maturity will be par plus the greater of 0% and the index return.
Otherwise, the payout will be par plus the index return, with exposure to any losses.
The notes (Cusip: 38147QDA1) are expected to price on June 21 and settle on June 26.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.
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