Goldman plans callable buffered monthly range accrual notes on Russell

By Susanna Moon

Chicago, Oct. 12 – GS Finance Corp. plans to price callable buffered monthly range accrual notes due Oct. 31, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at an annualized rate of 5% for each day that the index closes at or above 80% coupon barrier, payable monthly.

The notes will be callable at par on any interest payment date after one year.

The payout at maturity will be par unless the index falls by up to 20%, in which case investors will receive par plus the return with exposure to any losses beyond the buffer.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the agent.

The notes will price on Oct. 27 and settle on Oct. 31.

The Cusip number is 40054LVD3.

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