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Goldman plans callable monthly range accrual notes linked to Russell
By Susanna Moon
Chicago, April 6 – GS Finance Corp. plans to price callable monthly range accrual notes due April 29, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Interest will accrue at an annualized rate of 4.5% for each day that the index closes at or above the coupon barrier level, 75% of the initial index level. Interest will be payable monthly.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date after April 29, 2017.
Goldman Sachs & Co. is the agent.
The notes will price on April 27 and settle on April 29.
The Cusip number is 40054KA71.
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