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Goldman plans callable monthly range accrual linked to Russell 2000
By Susanna Moon
Chicago, Feb. 4 – GS Finance Corp. plans to price callable monthly range accrual notes due Feb. 28, 2026 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
Interest will accrue at 8.15% annualized for each day that the index closes at or above the barrier level, 70% of the initial index level. Interest will be payable monthly.
The payout at maturity will be par unless the index finishes below the 50% 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 after one year.
Goldman Sachs & Co. is the underwriter.
The notes will price on Feb. 25 and settle on Feb. 29.
The notes are guaranteed by Goldman Sachs Group, Inc.
The Cusip number is 40054K2U9.
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