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Goldman plans callable monthly range accrual notes on Russell 2000
By Jennifer Chiou
New York, Feb. 6 - Goldman Sachs Group, Inc. plans to price callable monthly range accrual notes due Feb. 28, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be 5% per year multiplied by the proportion of days on which the index closes at or above the barrier level, 77.5% of the initial index level. Interest will be payable monthly.
The payout at maturity will be par.
Beginning on Feb. 28, 2015, the notes will be callable at par on any interest payment date.
The notes (Cusip: 38147QJK3) are expected to price on Feb. 26 and settle on Feb. 28.
Goldman Sachs & Co. is the underwriter.
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