Goldman plans 15-year callable monthly range accrual notes on indexes

By Jennifer Chiou

New York, Oct. 8 – Goldman Sachs Group, Inc. plans to price callable monthly index-linked range accrual notes due Oct. 31, 2029 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 6.5% multiplied by the proportion of days on which each index closes at or above 75% of its initial level. Interest will be payable monthly.

The notes will be callable at par plus accrued interest on any monthly interest payment date beginning on Oct. 31, 2015.

If the notes are not called, the payout at maturity will be par plus accrued interest, if any.

The notes (Cusip: 38147QK96) will price on Oct. 29 and settle on Oct. 31.

Goldman Sachs & Co. is the agent.

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