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GS Finance plans to price trigger notes linked to Stoxx Europe 600
By Angela McDaniels
Tacoma, Wash., Nov. 29 – GS Finance Corp. plans to price 0% trigger notes due June 6, 2018 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to 70% of the initial index level, the payout at maturity will be par plus the greater of the index return and zero. If the final index level is less than 70% of the initial index level, investors will have one-to-one exposure to the index’s decline from its initial level.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as the placement agent.
The notes are expected to price Dec. 2.
The Cusip number is 40054KQA7.
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