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Goldman plans to price equity-linked trigger notes tied to Oracle
By Jennifer Chiou
New York, Jan. 18 - Goldman Sachs Group, Inc. plans to price 0% equity-linked trigger notes due Feb. 6, 2013 linked to the common stock of Oracle Corp., according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if the stock closes below 80% of its initial price on the determination date, expected to be Feb. 1, 2013.
If a trigger event occurs, the payout at maturity will be par plus the stock return. If a trigger event does not occur, the payout will be par plus the greater of a contingent minimum return of 8.5% and the stock return, subject to a maximum settlement amount of $1,200 per $1,000 principal amount of notes.
The notes (Cusip: 38143UN56) will price on Jan. 20 and settle on Jan. 25.
Goldman Sachs & Co. is the underwriter, and J.P. Morgan Securities LLC is the placement agent.
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