Goldman plans callable monthly range accrual notes on indexes

By Jennifer Chiou

New York, Nov. 7 - Goldman Sachs Group, Inc. plans to price callable monthly index-linked range accrual notes due Nov. 27, 2028 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 7.5% per year multiplied by the proportion of days on which each index closes at or above 50% of its initial level. Interest will be payable monthly.

Beginning on Nov. 27, 2014, the notes will be callable at par plus accrued interest.

If the notes are not called, the payout at maturity will be par unless any index finishes below the 50% trigger level, in which case investors will lose 1% for every 1% that the lesser-performing index drops below its initial level.

The notes (Cusip: 38147QN69) are expected to price on Nov. 22 and settle on Nov. 27.

Goldman Sachs & Co. is the agent.

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