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Goldman plans callable monthly range accrual notes linked to Russell
By Susanna Moon
Chicago, May 12 - Goldman Sachs Group, Inc. plans to price callable monthly range accrual notes due May 30, 2029 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at an annual rate of 8% for each day that the index closes at or above the barrier level, 75% of the initial index level. Interest will be payable monthly.
The payout at maturity will be par unless the index finishes below the 60% trigger level, in which case investors will be fully exposed to any losses.
The notes will be callable at par on any interest payment date.
Goldman Sachs & Co. is the underwriter.
The notes will price on May 28 and settle on May 30.
The Cusip number is 38147Q6B7.
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