Goldman plans autocallable range accrual notes linked to three indexes

By Toni Weeks

San Luis Obispo, Calif., March 26 - Goldman Sachs Group, Inc. plans to price autocallable monthly index-linked range accrual notes due April 24, 2023 tied to the Russell 2000 index, the Euro Stoxx 50 index and the Taiwan Taiex index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at an annualized rate of 10% for each day that each index closes at or above 70% of its respective initial index level. Interest is payable monthly.

The notes will be automatically called at par if the closing level of each index is greater than or equal to its initial index level on any monthly observation date beginning April 24, 2015.

The payout at maturity will be par if the least-performing index closes at or above 50% of its initial level.

Otherwise, investors will share fully in the decline of the least-performing index.

Goldman Sachs & Co. is the underwriter.

The notes are expected to price April 12 and settle April 17.

The Cusip number is 38141GRK2.

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