Goldman Sachs plans trigger notes due 2015 linked to S&P 500

By Jennifer Chiou

New York, June 12 – Goldman Sachs Group, Inc. plans to price 0% trigger notes due July 1, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above the 84.75% trigger level on every trading day during the life of the notes and finishes at or above the trigger level, the payout at maturity will be par plus any index gain, with a minimum payout of par and a maximum return of 15%.

If the index closes below the trigger level on any trading day during the life of the notes or finishes below the trigger level, the payout at maturity will be par plus the index return with exposure to any losses, also with a capped return of 15%.

The notes (Cusip: 38147QAR7) are expected to price on June 13 and settle on June 18.

Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.

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