Goldman plans 15-year callable quarterly range accrual notes on S&P 500

By Jennifer Chiou

New York, June 6 - Goldman Sachs Group, Inc. plans to price callable quarterly S&P 500 index-linked range accrual notes due June 11, 2028, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 6.75% multiplied by the proportion of days on which the index closes at or above 75% of the initial index level. Interest is payable quarterly.

The payout at maturity will be par.

The notes will be callable at par on any interest payment date beginning on June 11, 2014.

Goldman Sachs & Co. is the underwriter.

The notes (Cusip: 38147QBA3) are expected to price on June 7 and settle on June 11.

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