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

By Jennifer Chiou

New York, Dec. 4 - Goldman Sachs Group, Inc. plans to price callable monthly Russell 2000 index-linked range accrual notes due Dec. 31, 2023, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be the reference rate 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 reference rate will be between 5.25% and 5.5% and 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 on Dec. 31, 2014.

The notes (Cusip: 38147Q2N5) are expected to price on Dec. 27 and settle on Dec. 31.

Goldman Sachs & Co. is the underwriter.

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