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

By Angela McDaniels

Tacoma, Wash., July 31 - Goldman Sachs Group, Inc. plans to price 0% trigger medium-term notes due Aug. 21, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index's closing level is greater than or equal to 80% of the initial index level on every trading day during the life of the notes, the payout at maturity will be par plus the greater of 7.6% and the index return.

If the index's closing level is less than 80% of the initial index level on any trading day during the life of the notes, the payout will be par plus the index return. In this scenario, investors will receive less than par if the index return is negative.

In each case, the payout will be capped at $1,150 per $1,000 principal amount of notes.

The notes are expected to price Aug. 3 and settle Aug. 8.

Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as dealer.

The Cusip number is 38143U5N7.

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