By Susanna Moon
Chicago, Aug. 16 - Goldman Sachs Group, Inc. priced $1.04 million of callable quarterly range accrual notes due Aug. 17, 2026 linked to the S&P 500 index and Libor, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 8% for the first year. After that, it will accrue at 8% for each day that Libor is 6.5% or less and the index closes above 75% of the initial level. Interest is payable quarterly.
The payout at maturity will be par.
The notes are callable at par on any interest payment date after one year.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable quarterly range accrual notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.04 million
|
| Maturity: | Aug. 17, 2026
|
| Coupon: | 8% for one year; then, 8% for each day that Libor is 6.5% or less and index closes above trigger level; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on interest payment dates beginning Aug. 17, 2012
|
| Initial index level: | 1,178.81
|
| Trigger level: | 884.1075, or 75% of initial level
|
| Pricing date: | Aug. 12
|
| Settlement date: | Aug. 17
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 4.55%
|
| Cusip: | 38143UXH9
|
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