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

By Susanna Moon

Chicago, July 23 - 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 18 months after issuance.

If the index stays within the barrier range throughout the life of the notes, the payout at maturity will be par plus the absolute value of the index return.

The lower barrier is expected to be 85% of the initial level, and the upper barrier is expected to be between 132.5% and 137.5% of the initial level. The exact range will be set at pricing.

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

Goldman, Sachs & Co. is the underwriter.

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