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Published on 7/3/2014 in the Prospect News Structured Products Daily.

Goldman to price callable monthly range accrual notes on Russell 2000

By Jennifer Chiou

New York, July 3 – Goldman Sachs Group, Inc. plans to price callable monthly Russell 2000 index-linked range accrual notes due July 31, 2024, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 7% multiplied by the proportion of days on which the index closes at or above 77.5% of the initial index level. Interest is payable monthly.

The payout at maturity will be par if the index finishes at or above 50% of the initial level. Investors will be fully exposed to losses from the initial level if the index finishes below the 50% trigger.

The notes will be callable at par on any interest payment date beginning on Oct. 31.

The notes (Cusip: 38147QBZ8) are expected to price on July 29 and settle on July 31.

Goldman Sachs & Co. is the underwriter.


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