Goldman plans callable monthly range accrual notes on Russell 2000

By Susanna Moon

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

Interest will accrue at 4.7% for each day that the index closes at or above the 75% coupon barrier level. Interest is payable monthly.

The notes will be callable at par on any interest payment date beginning on Jan. 31, 2015.

The payout at maturity will be par.

Goldman Sachs & Co. is the underwriter.

The notes will price on Oct. 29 and settle on Oct. 31.

The Cusip number is 38147QJR8.

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