Goldman plans callable monthly range accrual notes on S&P 500

By Marisa Wong

Madison, Wis., Feb. 3 – Goldman Sachs Group, Inc. plans to price callable monthly S&P 500 index-linked range accrual notes due Aug. 27, 2022, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at 6.15% for each day that the index closes at or above the 80% coupon barrier level. Interest is payable monthly.

The notes will be callable at par on any interest payment date beginning on Feb. 27, 2016.

The payout at maturity will be par unless the index finishes below the 80% trigger level, in which case investors will be fully exposed to losses.

Goldman Sachs & Co. is the agent.

The notes are expected to settle on Feb. 27.

The Cusip number is 38147QTQ9.

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