Goldman plans to price trigger notes due 2014 linked to S&P 500

By Jennifer Chiou

New York, Aug. 1 - Goldman Sachs Group, Inc. plans to price 0% trigger notes due Aug. 20, 2014 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 at least 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 1% or the index return, subject to a cap of 15%.

Otherwise, the payout will be par plus the index return, which could be positive or negative.

In each case, the payout will be subject to a maximum settlement amount of $1,150 per $1,000 principal amount of notes.

The notes (Cusip: 38147QJA5) are expected to price on Aug. 2 and settle on Aug. 7.

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

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