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

By Susanna Moon

Chicago, May 6 - Goldman Sachs Group, Inc. plans to price callable monthly S&P 500 index-linked range accrual notes due May 31, 2028, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at a rate of 7% for each day that the index closes at or above the 67.5% trigger level. Interest will be payable monthly.

The payout at maturity will be par if the index finishes at or above 50% of the initial level.

Otherwise, investors will share fully in losses.

The notes will be callable at par on any interest payment date beginning May 31, 2014.

Goldman Sachs & Co. is the underwriter.

The notes will price on May 28 and settle on May 31.

The Cusip number is 38141GTG9.

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