Goldman Sachs plans five-year autocallable notes linked to the S&P 500

By Angela McDaniels

Tacoma, Wash., Jan. 4 - Goldman Sachs Group, Inc. plans to price five-year 0% autocallable index-linked notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above the initial index level on any annual call observation date, the notes will be automatically called and investors will receive par plus a call premium of between 8.5% and 9.5% per year. The exact call premium will be set at pricing.

If the notes are not called and the index return is negative 50% or greater, the payout at maturity will be par. Otherwise, the payout will be par plus the index return.

Goldman, Sachs & Co. is the underwriter.

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