Goldman plans 15-year callable monthly range accrual notes on indexes

By Marisa Wong

Madison, Wis., Sept. 12 – Goldman Sachs Group, Inc. plans to price callable monthly index-linked range accrual notes due Sept. 19, 2029 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 25% multiplied by the proportion of days on which each index closes at or above its initial level. Interest will be payable monthly.

The notes will be callable at par plus accrued interest on any monthly interest payment date beginning Dec. 19.

If the notes are not called, the payout at maturity will be par unless any index finishes below the 50% trigger level, in which case investors will lose 1% for every 1% that the least performing index drops below its initial level.

Goldman Sachs & Co. is the agent.

The notes will price on Sept. 16 and settle on Sept. 19.

The Cusip number is 38147QGZ3.

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