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Goldman Sachs plans to price trigger notes linked to S&P 500 index
By Toni Weeks
San Diego, Oct. 23 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due April 30, 2014 linked 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 30.65% 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 0%.
The notes (Cusip: 38143U8D6) are expected to price Oct. 26 and settle Oct. 31.
Goldman Sachs & Co. will be the underwriter, and J.P. Morgan Securities LLC will be the agent.
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