Goldman Sachs plans trigger notes linked to S&P 500 index with cap

By Angela McDaniels

Tacoma, Wash., Jan. 15 - Goldman Sachs Group, Inc. plans to price 0% trigger notes due Feb. 4, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The trigger level will be 83.5% of the initial index level.

If the index's closing level remains at or above the trigger level throughout the life of the notes and the final index level, which will equal the average of the index's closing levels on the five trading days ending Jan. 30, 2015, is greater than or equal to the trigger level, the payout at maturity will be par plus the index return, subject to a minimum payout of par and a maximum payout of 115% of par.

If the index closes below the trigger level on any day during the life of the notes or the final index level is less than the trigger level, the payout at maturity will be par plus the index return. If that return is negative, investors will receive less than par. If that return is positive, the payout will be capped at 115% of par.

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

The notes are expected to price Jan. 17 and settle Jan. 23.

The Cusip number is 38147QDX1.

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