Goldman Sachs to price trigger notes tied 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 Nov. 14, 2013 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 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 4.25%.

In either case, the maximum settlement amount will be $1,150 per $1,000 principal amount of notes.

The notes (Cusip: 38143U8C8) 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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