Goldman to price 15-year callable range accrual notes on S&P 500

By Jennifer Chiou

New York, Dec. 29 - Goldman Sachs Group, Inc. plans to price callable quarterly accrual notes due 2027 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 8% for the first year. After that, interest will accrue at 8% per year multiplied by the proportion of days on which the index closes above the trigger level of 72.5% to 77.5% of the initial level. The exact trigger level will be set at pricing. Interest is payable quarterly.

The payout at maturity will be par.

After one year, the notes (Cusip: 38143UL33) will be callable at par on any interest payment date.

Goldman Sachs & Co. is the underwriter.

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