New Issue: Goldman Sachs sells $2.32 million 0% trigger notes linked to S&P 500

By Susanna Moon

Chicago, July 27 - Goldman Sachs Group, Inc. priced $2.32 million of 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.

A trigger event occurs if the index closes below the initial index level by more than the 37.7% trigger buffer during the life of the notes.

If a trigger event does not occur, the payout at maturity will be par plus any gain in the index and investors will receive at least par.

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

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

Issuer:	Goldman Sachs Group, Inc.
Issue:	Index-linked trigger notes
Underlying index:	S&P 500
Amount:	$2.32 million
Maturity:	Feb. 7, 2012
Coupon:	0%
Price:	Variable
Payout at maturity:	If index falls by more than 37.7% during life of notes, par plus index return, with exposure to losses; otherwise, par plus any index gain, floor of par
Initial index level:	1,102.66
Pricing date:	July 23
Settlement date:	July 28
Underwriter:	Goldman, Sachs & Co. with co-agent J.P. Morgan Securities Inc.
Fees:	1.4%
Cusip:	38143ULJ8

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