By Jennifer Chiou
New York, Nov. 28 - Goldman Sachs Group, Inc. priced $1 million of callable quarterly accrual notes due Nov. 30, 2026, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 8.25% for the first two years. After that, interest will accrue at 8.25% per year multiplied by the proportion of days on which Libor is at or above a trigger level. Interest is payable quarterly.
The trigger level is 0.5% in year three, 1% in years four and five, 2% in years six and seven and 3% in years eight through 15.
The payout at maturity will be par.
After one year, the notes will be callable at par on any interest payment date.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable quarterly accrual notes
|
| Underlying rate: | Libor
|
| Amount: | $1 million
|
| Maturity: | Nov. 30, 2026
|
| Coupon: | 8.25% for first two years; after that, 8.25% per year multiplied by proportion of days on which Libor is at or above a trigger level; payable quarterly; trigger level is 0.5% in year three, 1% in years four and five, 2% in years six and seven and 3% in years eight through 15
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date beginning on Nov. 30, 2012
|
| Pricing date: | Nov. 23
|
| Settlement date: | Nov. 30
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.3%
|
| Cusip: | 38143UZM6
|
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