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

By Angela McDaniels

Tacoma, Wash., Sept. 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 have a tenor of 15 to 17 months.

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

The lower limit of the index range will be 83% to 85% of the initial index level, and the upper limit will be 126% to 130% of the initial level. The exact limits will be set at pricing.

Goldman, Sachs & Co. is the underwriter.

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