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Goldman plans callable buffered monthly range accrual notes on Russell
By Susanna Moon
Chicago, June 12 – GS Finance Corp. plans to price callable buffered monthly range accrual notes due June 30, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at an annual rate of 5.25% for each day that the index closes at or above the 80% coupon barrier. Interest will be payable monthly.
The notes will be callable at par on any interest payment date beginning June 30, 2018.
The payout at maturity will be par unless the index falls by more than 20%, in which case investors will be exposed to any losses beyond 20%.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman, Sachs & Co. is the underwriter.
The notes will price on June 28.
The Cusip number is 40054LEA8.
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