Goldman Sachs to price 18-month trigger notes linked to S&P 500 index

By Marisa Wong

Madison, Wis., July 13 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due Jan. 20, 2012 based on the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index stays above the trigger amount - 70% of the initial level - during the life of the notes, the payout at maturity will be par plus any index gain, up to a maximum settlement amount of $1,250 per $1,000 note and with a contingent minimum return of 12.7%.

If the index ever dips below the trigger, the payout will be par plus the index return with exposure to any losses. Any gains will be capped at 25%.

The notes will price on July 15 and settle on July 20.

Goldman, Sachs & Co. is the underwriter with J.P. Morgan Securities Inc. as co-agent.

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