By Susanna Moon
Chicago, April 30 - Goldman Sachs Group, Inc. priced $3.9 million of callable monthly range accrual notes due April 30, 2022 linked to the S&P 500 index and six-month Libor, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will accrue at an annualized rate of 7% for each day that the index closes above the 77.5% trigger level and six-month Libor is 6% or less. 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.
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Issue: | Callable monthly range accrual notes
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Underlying index: | S&P 500
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Amount: | $3.9 million
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Maturity: | April 30, 2022
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Coupon: | 7% for each day that day index closes above trigger level and six-month Libor is 6% or less; payable monthly
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par on any interest payment date beginning on April 30, 2013
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Initial index level: | 1,399.98
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Index trigger level: | 1,084.9845, 77.5% of initial level
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Pricing date: | April 26
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Settlement date: | April 30
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Agent: | Goldman Sachs & Co.
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Fees: | 4.1%
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Cusip: | 38143U2M2
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