Goldman plans callable monthly range accrual notes tied to Russell

By Susanna Moon

Chicago, Aug. 30 – GS Finance Corp. plans to price callable monthly range accrual notes due Sept. 28, 2028 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

Interest will accrue at 5% annualized for each day that the index closes at or above the coupon barrier level, 75% of the initial index level. Interest will be payable monthly.

The notes are callable at par on any interest payment date after one year.

The payout at maturity will be par.

Goldman Sachs & Co. is the agent.

The notes will price on Sept. 26 and settle on Sept. 28.

The Cusip number is 40055QVG4.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.