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

By Toni Weeks

San Luis Obispo, Calif., April 9 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due April 29, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index level is equal to or greater than 82.5% of the initial level on every trading day during the measurement period and the final index level is also equal to or greater than 82.5% of the initial level, the payout at maturity will be par plus the index return.

If the closing level of the index is less than 82.5% of the initial level on any trading day during the measurement period or the final index level is less than the 82.5% trigger, the payout at maturity will be par plus the index return, with full exposure to any losses.

In either case, the maximum settlement amount will be $1,150 per $1,000 principal amount of notes.

The final index level will be the average of the closing index levels on five trading days ending April 24, 2015.

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

The notes (Cusip: 38147Q3G9) are expected to price April 11 and settle April 16.

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