Goldman plans 15-year callable range accrual notes linked to S&P 500

By Susanna Moon

Chicago, April 1 - Goldman Sachs Group, Inc. plans to price 15-year callable quarterly index-linked range accrual notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 7% for the first year. After that, it will be 7% for each day that the index closes above the trigger level, which is expected to be 75% to 80% of the initial level. Interest is payable quarterly.

The payout at maturity will be par.

The notes are callable at par on any interest payment date beginning April 2012.

Goldman Sachs & Co. is the underwriter.

The Cusip is 38143UTK7.

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