Goldman plans callable monthly range accrual notes linked to S&P 500

By Susanna Moon

Chicago, April 8 - Goldman Sachs Group, Inc. plans to price callable monthly S&P 500 index-linked range accrual notes due April 26, 2028, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at 7% for each day that the index closes at or above the 63.5% coupon barrier level. Interest will be payable monthly.

The payout at maturity will be par if the index falls by up to 50%.

Otherwise, investors will share fully in losses if the index finishes below the 50% trigger level.

The notes will be callable at par on any interest payment date beginning April 26, 2014.

Goldman Sachs & Co. is the underwriter.

The notes will price on April 23 and settle on April 26.

The Cusip number is 38141GSD7.

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