By Jennifer Chiou
New York, Nov. 27 - Goldman Sachs Group, Inc. priced $3.25 million of callable monthly Russell 2000 index-linked range accrual notes due Nov. 29, 2023, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be 5.25% multiplied by the proportion of days on which the index closes at or above 80% of the initial index level. Interest is payable monthly.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date beginning on Nov. 29, 2014.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable monthly range accrual notes
|
| Underlying index: | Russell 2000
|
| Amount: | $3.25 million
|
| Maturity: | Nov. 29, 2023
|
| Coupon: | 5.25% multiplied by proportion of days on which index closes at or above trigger level; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date beginning Nov. 29, 2014
|
| Initial level: | 1,134.53
|
| Trigger level: | 907.624, 80% of initial level
|
| Pricing date: | Nov. 26
|
| Settlement date: | Nov. 29
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 3.49%
|
| Cusip: | 38147QL20
|
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