Goldman plans five-year buffered range accrual notes linked to S&P 500

By Susanna Moon

Chicago, May 30 - Goldman Sachs Group, Inc. plans to price five-year buffered index-linked range accrual notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes above the 80% trigger level on a monthly reference date, the coupon will accrue at 7% to 7.5% for that month. The exact rate will be set at pricing.

If the index finishes at or above the trigger level, the payout at maturity will be par.

Otherwise, investors will lose 1% for every 1% decline beyond 20%.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 38143UW72.

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