Goldman to price callable monthly range accrual notes tied to Russell

By Marisa Wong

Madison, Wis., April 5 - Goldman Sachs Group, Inc. plans to price callable monthly Russell 2000 index-linked range accrual notes due April 26, 2023, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at an annualized rate for each day that the index closes at or above the 75% coupon barrier level. The rate will be 8% for the first 84 months and 9% for the last 36 months. Interest will be payable monthly.

The payout at maturity will be par if the index falls by up to 35%.

Otherwise, investors will share fully in losses.

The notes will be callable at par on any interest payment date beginning April 26, 2014.

Goldman Sachs & Co. is the underwriter.

The notes are expected to price April 23 and settle April 26.

The Cusip number is 38141GSB1.

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