Goldman plans callable monthly range accrual notes tied to 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. 30, 2028, 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 75% of the initial index level. Interest is payable monthly. The reference rate will be 8% for the first 60 months, 10% for the subsequent 60 months and 12% for the final 60 months.

If the final index level is at least 50% of the initial level, the payout at maturity will be par. Otherwise, investors will share in losses.

The notes will be callable at par on any interest payment date beginning on Dec. 30, 2014.

The notes (Cusip: 38147Q2W5) are expected to price on Dec. 24 and settle on Dec. 30.

Goldman Sachs & Co. is the underwriter.

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