Goldman plans to price equity-linked trigger notes tied to Qualcomm

By Toni Weeks

San Diego, May 1 - Goldman Sachs Group, Inc. plans to price 0% equity-linked trigger notes due May 22, 2013 linked to the common stock of Qualcomm Inc., according to a 424B2 filing with the Securities and Exchange Commission.

A trigger event occurs if the stock closes below 81.25% of its initial price on the determination date, expected to be May 17, 2013.

If a trigger event occurs, the payout at maturity will be par plus the stock return. If a trigger event does not occur, the payout will be par plus the greater of the contingent minimum return of 10% and the stock return. The maximum settlement amount will be $1,100 per $1,000 principal amount of notes.

The notes (Cusip: 38143U3M1) will price May 4 and settle May 9.

Goldman Sachs & Co. is the underwriter, and J.P. Morgan Securities LLC is the placement agent.

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