Goldman plans 10-year callable monthly range accrual notes on Russell

By Toni Weeks

San Luis Obispo, Calif., Nov. 1 - Goldman Sachs Group, Inc. plans to price callable monthly Russell 2000 index-linked range accrual notes due Nov. 29, 2023, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 5.25% to 5.5% multiplied by the proportion of days on which the index closes at or above 80% of the initial index level. Interest is payable monthly. The exact coupon will be set at pricing.

The payout at maturity will be par.

The notes will be callable at par on any interest payment date beginning Nov. 29, 2014.

Goldman Sachs & Co. is the underwriter.

The notes (Cusip: 38147QL20) are expected to price Nov. 26 and settle Nov. 29.

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