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

By Jennifer Chiou

New York, April 5 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due Oct. 15, 2012 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

A trigger event occurs if the index's closing level falls by more than 29.05% during the life of the notes.

If a trigger event occurs, the payout at maturity will be par plus the index return, which could be positive or negative. If a trigger event does not occur, the payout will be par plus the greater of the index return and zero.

The notes (Cusip: 38143UTU5) will price on April 8.

J.P. Morgan Securities LLC is the lead agent with Goldman Sachs & Co. as co-agent.

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