New Issue: Goldman prices $18.3 million index-linked trigger notes on S&P 500

By Toni Weeks

San Diego, Jan. 31 - Goldman Sachs Group, Inc. priced $18.3 million of 0% index-linked trigger notes due Feb. 13, 2013 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

A trigger event will occur if the index level falls by more than 20% on any day during the life of the notes.

If a trigger event occurs, the payout at maturity will be par plus the index return, which could be positive or negative.

If a trigger event does not occur, the payout at maturity will be par plus the greater of the index return and the contingent minimum return of 7%.

In either case, the maximum settlement amount is $1,200 per $1,000 principal amount of notes.

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

Issuer:	Goldman Sachs Group, Inc.
Issue:	Trigger equity index-linked notes
Underlying index:	S&P 500 index
Amount:	$18,301,000
Maturity:	Feb. 13, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If index falls by more than 20% during life of notes, par plus index return, with exposure to losses; otherwise, par plus greater of index return and 7%; in either case, maximum settlement is $1,200 per $1,000 principal amount
Initial level:	1,316.33
Pricing date:	Jan. 27
Settlement date:	Feb. 1
Underwriter:	Goldman Sachs & Co., with J.P. Morgan Securities LLC as agent
Fees:	1.1%
Cusip:	38143UP21

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