Goldman plans callable monthly range accrual notes linked to S&P 500

By Susanna Moon

Chicago, Dec. 4 – Goldman Sachs Group, Inc. plans to price callable monthly S&P 500 index-linked range accrual notes due June 30, 2023, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at 6.45% annualized for each day that the index closes at or above the 80% trigger level. Interest is payable monthly.

The payout at maturity will be par unless the index falls by more than the 20% buffer, in which case investors will be exposed to any losses beyond 20%.

The notes will be callable at par on any interest payment date beginning Dec. 31, 2016.

Goldman Sachs & Co. is the underwriter.

The notes will price on Dec. 29 and settle on Dec. 31.

The Cusip number is 38148TK99.

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