Published on 3/14/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $3.16 million callable range accrual notes tied to S&P 500
By Susanna Moon
Chicago, March 14 - Goldman Sachs Group, Inc. priced $3.16 million of callable monthly index-linked range accrual notes due March 15, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will accrue at an annualized rate of 8% for each day that the index closes above the 78% trigger level. Interest will be payable monthly.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date after one year.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable monthly index-linked range accrual notes
|
| Underlying index: | S&P 500
|
| Amount: | $3,156,000
|
| Maturity: | March 15, 2027
|
| Coupon: | 8% for each day that index closes above trigger level; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date beginning March 15, 2013
|
| Initial index level: | 1,371.09
|
| Index trigger level: | 1,069.4502, 78% of initial level
|
| Pricing date: | March 12
|
| Settlement date: | March 15
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.55%
|
| Cusip: | 38143US44
|
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