Goldman to price index-linked trigger notes tied to S&P 500

By Jennifer Chiou

New York, Nov. 12 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due Dec. 3, 2014 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 level falls by more than 17.5% during the life of the notes or finishes down by more than the trigger buffer amount.

If a trigger event never occurs, the payout at maturity will be par plus the index return, subject to a minimum payout of par. Otherwise, the payout will be par plus the index return, with exposure to any losses.

In either case, the return will be capped at 15%.

The notes (Cusip: 38147QS64) are expected to price on Nov. 15 and settle on Nov. 20.

Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.

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