Goldman Sachs plans range accrual notes linked to S&P, six-month Libor

By Angela McDaniels

Tacoma, Wash., Aug. 22 - Goldman Sachs Group, Inc. plans to price 12-year callable monthly range accrual notes linked to the S&P 500 index and six-month Libor, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 6.75% per year multiplied by the proportion of days on which the index closes above the trigger level, which will be 75% to 77.5% of the initial index level, and six-month Libor is 6% or less. Interest will be payable monthly.

The payout at maturity will be par.

Beginning one year after issuance, the notes will be callable at par on any interest payment date.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 38143U6L0.

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