Goldman plans callable buffered range accrual notes linked to Russell

By Marisa Wong

Madison, Wis., June 4 - Goldman Sachs Group, Inc. plans to price callable buffered monthly range accrual notes due March 28, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at an annualized rate of 6.35% for each day that the index closes at or above the 80% barrier level. Interest will be payable monthly.

If the index return is greater than or equal to negative 20%, the payout at maturity will be par.

Otherwise, investors will lose 1% for each 1% decline beyond 20%.

The notes will be callable at par on any interest payment date beginning June 28, 2014.

Goldman, Sachs & Co. is the agent.

The notes are expected to price on June 25 and settle on June 28.

The Cusip number is 38147QBE5.

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