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Goldman plans callable monthly range accrual notes on Euro Stoxx
By Marisa Wong
Madison, Wis., May 3 - Goldman Sachs Group, Inc. plans to price callable monthly Euro Stoxx 50 index-linked range accrual notes due May 29, 2028, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at the applicable rate for each day that the index closes at or above the 75% trigger level. The applicable rate is 8% for the first 60 months, 10% for the next 60 months and 12% for the final 60 months. 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 29, 2014.
Goldman Sachs & Co. is the underwriter.
The notes will price on May 23 and settle on May 29.
The Cusip number is 38141GTH7.
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