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

By Toni Weeks

San Diego, Jan. 31 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due Feb. 21, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

A trigger event will occur if the index level falls by more than 20% on any day 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 at maturity will be par plus the greater of the index return and the contingent minimum return of 7%.

In either case, the maximum settlement amount is $1,200 per $1,000 principal amount of notes.

The notes (Cusip: 38143UP88) are expected to price Feb. 3 and settle Feb. 8.

Goldman Sachs & Co. will be the underwriter, and J.P. Morgan Securities LLC will be the agent.

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