Goldman Sachs to price buffered range accrual notes linked to Russell

By Angela McDaniels

Tacoma, Wash., June 2 - Goldman Sachs Group, Inc. plans to price callable buffered monthly Russell 2000 index-linked range accrual notes due June 30, 2021, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 6% per year multiplied by the proportion of days on which the index's closing level is greater than or equal to 80% of the initial index level. Interest will be payable monthly.

If the index return is greater than or equal to negative 20%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.

Beginning June 30, 2015, the notes will be callable at par on any interest payment date.

Goldman Sachs & Co. is the underwriter.

The notes are expected to price June 25 and settle June 30.

The Cusip number is 38147Q7B6.

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