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

By Marisa Wong

Madison, Wis., April 23 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due May 13, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index level is equal to or greater than 82.25% of the initial level on every trading day during the measurement period and the final index level is also equal to or greater than 82.25% of the initial level, the payout at maturity will be par plus the greater of the index return and zero, subject to a maximum settlement amount of $1,150 per $1,000 principal amount.

If the closing level of the index is less than 82.25% of the initial level on any trading day during the measurement period or the final index level is less than the 82.25% trigger level, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,150 per $1,000 principal amount and with full exposure to any losses.

The final index level will be the average of the closing index levels on five trading days ending May 8, 2015.

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

The notes will price on April 25 and settle on April 30.

The Cusip number is 38147Q4B9.

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