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Goldman plans 15-year callable quarterly range accrual notes on S&P 500
By Susanna Moon
Chicago, Sept. 4 – Goldman Sachs Group, Inc. plans to price callable quarterly S&P 500 index-linked range accrual notes due Sept. 29, 2029, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 6% for each day that the index closes at or above 75% of the initial index level and six-month Libor is 5% or less. Interest is payable quarterly.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date beginning Sept. 29, 2015.
Goldman Sachs & Co. is the underwriter.
The notes will price on Sept. 24 and settle on Sept. 29.
The Cusip number is 38147QG75.
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