Goldman Sachs to price 53-week trigger notes linked to S&P 500

By Marisa Wong

Madison, Wis., Aug. 1 - Goldman Sachs Group, Inc. plans to price 0% trigger notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature 53 weeks after pricing.

If the final index level is greater than or equal to the initial level and every trigger closing level is greater than 95% of the initial index level, the payout at maturity will be $1,075 to $1,080 per $1,000 note. If the index finishes at or above the initial level and any trigger closing level is less than or equal to 95% of the initial level, the payout will be between $1,150 and $1,160. The trigger closing levels are the closing levels of the index during the three-month period following the pricing date.

If the index return is negative, investors will be fully exposed to the index decline.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 38147QJS6.

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