Goldman Sachs plans index-linked trigger notes tied to S&P 500 index

By Jennifer Chiou

New York, July 19 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due Aug. 8, 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 20% 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 the 3% contingent minimum return.

In either case, the return is capped at 20%.

The notes (Cusip: 38143UWR8) will price on July 22 and settle on July 27.

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

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