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Goldman plans callable monthly range accrual notes tied to Russell
By Susanna Moon
Chicago, Nov. 6 – GS Finance Corp. plans to price callable monthly range accrual notes due Nov. 30, 2027 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 4.35% for each day that the index closes at or above 75% 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.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
The notes will price on Nov. 28 and settle on Nov. 30.
The Cusip number is 40054LZA5.
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