New Issue: Goldman Sachs prices $1.35 million trigger notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., July 19 - Goldman Sachs Group, Inc. priced $1.35 million of 0% index-linked trigger notes due Jan. 20, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes below 70% of its initial level on any day during the life of the notes, the payout at maturity will be par plus the index return, which could be positive or negative. Otherwise, the payout will be par plus the greater of the index return and 12.7%.

In each case, the payout will be capped at 125% of par.

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

Issuer:	Goldman Sachs Group, Inc.
Issue:	Index-linked trigger notes
Underlying index:	S&P 500
Amount:	$1.35 million
Maturity:	Jan. 20, 2012
Coupon:	0%
Price:	Variable
Payout at maturity:	If index closes below 70% of initial level on any day during life of notes, par plus index return; otherwise, par plus greater of index return and 12.7%; payout capped at 125% of par in each case
Initial index level:	1,096.48
Pricing date:	July 15
Settlement date:	July 20
Underwriter:	Goldman, Sachs & Co.
Fees:	1.4%
Cusip:	38143ULE9

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