Goldman plans callable range accrual notes on Russell, Euro Stoxx

By Marisa Wong

Madison, Wis., March 11 - Goldman Sachs Group, Inc. plans to price callable monthly index-linked range accrual notes due March 28, 2029 tied to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at an applicable rate for each day that both indexes close at or above 70% of their respective initial index levels. Interest is payable monthly. The applicable rate is 8% for the first 60 monthly interest payment dates, 10% for the next 60 interest payment dates and 12% for the final 60 coupon payment dates.

The notes are callable at par on any monthly interest payment date beginning June 28.

The payout at maturity will be par if the least-performing index closes at or above 50% of its initial level.

Otherwise, investors will share fully in the decline of the least-performing index.

Goldman Sachs & Co. is the underwriter.

The notes are expected to price March 25 and settle March 28.

The Cusip number is 38147QVF0.

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