New Issue: Goldman prices $1.66 million 15-year callable monthly range accrual notes on Russell

By Susanna Moon

Chicago, Oct. 31 - Goldman Sachs Group, Inc. priced $1.66 million of callable monthly Russell 2000 index-linked range accrual notes due Oct. 31, 2028, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at 8% for each day that the index closes at or above 72.65% of the initial index level, payable monthly.

The payout at maturity will be par unless the index falls by more than 50%, in which case investors will be fully exposed to any losses.

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 range accrual notes
Underlying index:	Russell 2000
Amount:	$1,662,000
Maturity:	Oct. 31, 2028
Coupon:	8% accrual for each day that index closes at or above coupon barrier level; payable monthly
Price:	Par
Payout at maturity:	Par if final index level is at least 50% of initial level; otherwise, full exposure to losses from initial level
Call option:	At par on any interest payment date beginning Oct. 31, 2014
Initial level:	1,121.07
Interest barrier level:	814.457355, 72.65% of the initial index level
Trigger level:	50% of initial level
Pricing date:	Oct. 29
Settlement date:	Oct. 31
Underwriter:	Goldman Sachs & Co.
Fees:	4.55%
Cusip:	38147QYS9

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