Goldman Sachs to price trigger notes due 2015 linked to S&P 500

By Jennifer Chiou

New York, May 15 - Goldman Sachs Group, Inc. plans to price 0% trigger notes due June 3, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index never closes below the 83.35% trigger level during the life of the notes, the payout at maturity will be par plus the greater of any index gain and 0%, subject to a cap of 15%.

Otherwise, the payout at maturity will be par plus the index return with exposure to any losses, with any gains capped at 15%.

The notes (Cusip: 38147Q6F8) are expected to price on May 16 and settle on May 21.

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

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