Goldman plans autocallable range accrual notes on Russell, Euro Stoxx

By Toni Weeks

San Luis Obispo, Calif., March 7 - Goldman Sachs Group, Inc. plans to price autocallable monthly index-linked range accrual notes due March 27, 2020 tied to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at an annualized rate of 8% to 8.5% for each day that the both indexes close at or above 75% of their respective initial index levels. Interest is payable monthly.

The notes will be automatically called at par if the closing level of each index is at least 110% of its initial index level on any monthly observation date beginning March 27, 2014.

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 March 15 and settle March 20.

The Cusip number is 38141GQA5.

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