By Marisa Wong
Madison, Wis., March 28 - Goldman Sachs Group, Inc. priced $1 million of autocallable monthly Euro Stoxx 50 index-linked range accrual notes due March 28, 2023, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at an annualized rate 8% for each day that the index closes at or above the 75% coupon barrier level. Interest will be payable monthly.
The notes will be automatically called at par plus accrued interest if the index closes at or above 115% of the initial level on any monthly call observation date beginning March 21, 2014.
The payout at maturity will be par if the index falls by up to 40%.
Otherwise, investors will be fully exposed to the decline from the initial level.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable monthly range accrual notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1 million
|
| Maturity: | March 28, 2023
|
| Coupon: | 8% per year for each day that index closes at or above coupon barrier level; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par if index falls by up to 40%; otherwise, investors share fully in losses
|
| Call: | Automatically at par plus accrued interest if index closes at or above 115% of initial level on any monthly call observation date beginning March 21, 2014
|
| Initial index level: | 2,649.28
|
| Barrier level: | 1,986.96, 75% of initial level
|
| Pricing date: | March 25
|
| Settlement date: | March 28
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.95%
|
| Cusip: | 38141GRG1
|
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