New Issue: Goldman Sachs prices $1.11 million trigger notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Aug. 28 - Goldman Sachs Group, Inc. priced $1.11 million of 0% trigger notes due Sept. 10, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index's closing level is greater than or equal to 80% of the initial level on every day during the life of the notes, the payout at maturity will be par plus the greater of the index return and 0.5%.

If the index closes below the 80% trigger level during the life of the notes, the payout at maturity will be par plus the index return, with no minimum payout.

In each case, the payout will be subject to a maximum payout of $1,150 per $1,000 principal amount of notes.

Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Trigger notes
Underlying index:	S&P 500
Amount:	$1,105,000
Maturity:	Sept. 10, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index's closing level falls below 80% of initial level during life of notes, par plus index return will full exposure to any decline; otherwise, par plus greater of index return and 0.5%; return capped at 15% in each case
Initial index level:	1,663.5
Final index level:	Average of index's closing levels on Aug. 29, 2014, Sept. 2, 2014, Sept. 3, 2014, Sept. 4, 2014 and Sept. 5, 2014
Pricing date:	Aug. 23
Settlement date:	Aug. 28
Underwriter:	Goldman Sachs & Co.
Agent:	J.P. Morgan Securities LLC
Fees:	1.1%
Cusip:	38147QPS9

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