Goldman Sachs plans range accrual notes linked to Russell, Euro Stoxx

By Angela McDaniels

Tacoma, Wash., May 5 – Goldman Sachs Group, Inc. plans to price callable monthly range accrual notes due May 29, 2030 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 6% per year multiplied by the proportion of days on which each index closes at or above its trigger level, 75% of its initial level. Interest will be payable monthly.

The payout at maturity will be par.

Beginning May 29, 2016, the notes will be callable at par on any interest payment date.

Goldman Sachs & Co. is the underwriter.

The notes are expected to price May 27 and settle May 29.

The Cusip number is 38148T2Q1.

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