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Goldman Sachs plans trigger notes due 2014 linked to S&P 500 index
By Jennifer Chiou
New York, March 14 - Goldman Sachs Group, Inc. plans to price 0% trigger notes due Sept. 17, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the closing index level is at or greater than 75.25% of the initial level during the life of the notes, the payout at maturity will be par plus the index return, subject to a minimum payment of par.
Otherwise, investors will receive par plus the index return, with exposure to losses.
The notes (Cusip: 38141GQS6) are expected to price on March 15 and settle on March 20.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
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