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Goldman Sachs plans one-year trigger notes linked to S&P 500 index
By Jennifer Chiou
New York, March 1 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due March 21, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if the index falls by more than 20% during the life of the notes.
If a trigger event occurs, the payout at maturity will be par plus the index return, with exposure to any losses.
If a trigger event does not occur, the payout will be par plus any index gain. Investors will receive at least 1.65%.
In either case, any gain will be capped at 20%.
The notes (Cusip: 38143USD4) are expected to price on March 4 and settle on March 9.
JPMorgan is the lead agent with Goldman, Sachs & Co. as co-agent.
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