Goldman plans callable monthly range accrual notes linked to Russell

By Susanna Moon

Chicago, June 18 – Goldman Sachs Group, Inc. plans to price callable monthly Russell 2000 index-linked range accrual notes due July 7, 2025, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at 4.65% for each day that the index closes at or above the 75% coupon barrier level. Interest is payable monthly.

The payout at maturity will be par unless the index finishes below the 75% 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 July 7, 2016.

Goldman Sachs & Co. is the underwriter.

The notes will price on July 2 and settle on July 7.

The Cusip number is 38148T5R6.

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