Goldman Sachs to sell trigger notes due February 2012 tied to S&P 500

By Susanna Moon

Chicago, July 20 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due Feb. 7, 2012 based on the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index stays above the trigger amount - 70% of the initial level - during the life of the notes, the payout at maturity will be par plus any index gain, with a contingent minimum return of 6.7%.

If the index ever dips below the trigger, the payout will be par plus the index return with exposure to any losses.

The notes will price on July 23 and settle on July 28.

Goldman, Sachs & Co. is the underwriter with J.P. Morgan Securities Inc. as co-agent.

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