Goldman plans range accrual notes linked to six-month Libor, Russell

By Angela McDaniels

Tacoma, Wash., Aug. 28 - Goldman Sachs Group, Inc. plans to price callable monthly range accrual notes due Sept. 30, 2028 linked to six-month Libor and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 10% per year multiplied by the proportion of days on which the index closes at or above 72.5% of the initial index level and six-month Libor is 6% or less. Interest will be payable monthly.

The payout at maturity will be par if the index finishes at or above 50% of the initial level. Otherwise, investors will share fully in losses from the initial level.

Beginning Sept. 30, 2014, the notes will be callable at par on any interest payment date.

Goldman Sachs & Co. is the underwriter.

The notes are expected to price Sept. 26 and settle Sept. 30.

The Cusip number is 38147QRS7.

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