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

By Marisa Wong

Madison, Wis., April 4 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

A trigger event occurs if the index level falls by more than 20% during the life of the notes.

If a trigger event never occurs, the payout at maturity will be par plus the index return, subject to a minimum payout of par. Otherwise, the payout will be par plus the index return, with exposure to any losses. In either case, the return will be capped at 16.2%.

Goldman Sachs & Co. is the underwriter.

The notes are expected to price on April 5 and settle on April 10.

The Cusip number is 38141GRX4.

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