Goldman plans monthly range accrual callables tied to Russell, S&P

By Susanna Moon

Chicago, Dec. 15 – GS Finance Corp. plans to price callable monthly range accrual notes due Dec. 27, 2032 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at an annualized rate of 8% for each day that the indexes close 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 unless either index finishes below its 50% trigger level, in which case investors will receive par plus the return of the worse performing index with full exposure to any losses.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the agent.

The notes will price on Dec. 21.

The Cusip number is 40055AAF4.

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