Goldman plans callable monthly range accrual notes linked to Russell

By Susanna Moon

Chicago, Aug. 29 – Goldman Sachs Group, Inc. plans to price callable monthly Russell 2000 index-linked range accrual notes due Sept. 30, 2024, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at 7.3% for each day that the index closes at or above the 77.5% coupon barrier level. Interest is payable monthly.

The payout at maturity will be par unless the index finishes below the 50% trigger level, in which case investors will be fully exposed to any losses.

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

Goldman Sachs & Co. is the underwriter.

The notes will price on Sept. 26 and settle on Sept. 30.

The Cusip number is 38147QFU5.

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