Goldman Sachs plans 0% absolute return trigger notes linked to S&P 500

By Laura Lutz

Des Moines, March 17 - Goldman Sachs Group, Inc. plans to price 0% absolute return trigger notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will mature in 12 to 14 months.

If the index stays within a given range of its initial level during the life of the notes, the payout will be par plus the absolute value of the index return. The range is expected to be between 16% and 18%, and the exact level will be set at pricing.

If the index closes above or below its initial level by more than the range amount, the payout will be par.

Goldman, Sachs & Co. is the underwriter.

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