Goldman Sachs plans 18-month trigger notes linked to S&P 500 index

By Susanna Moon

Chicago, June 22 - Goldman Sachs Group, Inc. plans to price 0% index-linked trigger notes due Jan. 6, 2012 based on the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index stays above the trigger amount - 64.2% of the initial level - during the life of the notes, the payout at maturity will be par plus any index gain, with a minimum payout of par.

If the index ever dips below the trigger, the payout will be par plus the index return with exposure to any losses.

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

Goldman, Sachs & Co. is the underwriter with J.P. Morgan Securities Inc. as co-agent.

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