Goldman Sachs to price callable monthly range accrual notes on Russell

By Marisa Wong

Madison, Wis., June 4 - Goldman Sachs Group, Inc. plans to price callable monthly range accrual notes due June 30, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at a rate of 7% per year for each day that the index closes at or above the barrier level, 77.5% of the initial index level. Interest will be payable monthly.

The payout at maturity will be par if the index falls by up to 50%. Investors will be fully exposed to losses if the index finishes below the 50% trigger level.

The notes will be callable at par on any interest payment date on or after Sept. 30.

Goldman Sachs & Co. is the underwriter.

The notes are expected to price June 26 and settle June 30.

The Cusip number is 38147Q7L4.

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