Goldman Sachs plans monthly range accrual notes tied to Russell 2000

By Marisa Wong

Morgantown, W.Va., Dec. 21 – Goldman Sachs Group, Inc. plans to price callable monthly Russell 2000 index-linked range accrual notes due Dec. 29, 2025, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 4.65% per year multiplied by the proportion of days on which the index closes at or above the barrier level, 75% of the initial index level. Interest will be payable monthly.

The payout at maturity will be par.

After one year, the notes will be callable at par on any interest payment date.

Goldman Sachs & Co. is the underwriter.

The notes will price Dec. 23 and settle on Dec. 29.

The Cusip number is 38148TJV2.

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