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

By Jennifer Chiou

New York, May 21 - 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 are expected to mature in between nine and 11 months after issue.

If the index stays at or above the lower barrier and at or below the upper barrier throughout the life of the notes, the payout at maturity will be par plus the absolute value of the index return.

The lower barrier will be between 85% and 88.5% of the initial level; the upper barrier will be between 111.5% and 115% of the initial level. Both will be set at pricing.

If the index is ever outside the barrier range, the payout will be par.

Goldman, Sachs & Co. is the underwriter.

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