Goldman plans callable buffered monthly range accrual notes on Russell

By Susanna Moon

Chicago, Jan. 5 – GS Finance Corp. plans to price callable buffered monthly range accrual notes due Jan. 31, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at an annual rate of 5.25% for each day that the index closes at or above the coupon barrier level, 80% of the initial index level. Interest will be payable monthly.

The notes will be callable at par on any interest payment date beginning in January 2018.

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

The notes will be guaranteed by Goldman Sachs Group, Inc.

The notes will price on Jan. 27 and settle on Jan. 31.

The Cusip number is 40054KTG1.

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