By Susanna Moon
Chicago, June 27 - Goldman Sachs Group, Inc. priced $2 million of callable buffered monthly Russell 2000 index-linked range accrual notes due March 28, 2019, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 6.35% for each day that the index closes at or above the 80% coupon trigger level. Interest is payable monthly.
The payout at maturity will be par if the index falls by up to 20% and investors will be exposed to any losses beyond 20%.
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 buffered monthly range accrual notes
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Underlying index: | Russell 2000
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Amount: | $2,001,000
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Maturity: | March 28, 2019
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Coupon: | 6.35% for each day that index closes at or above coupon trigger level; payable monthly
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Price: | Par
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Payout at maturity: | Par if index falls by up to 20%; exposure to losses beyond 20%
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Call option: | At par on any interest payment date beginning June 28, 2014
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Initial index level: | 961.26
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Trigger level: | 769.008, 80% of initial level
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Pricing date: | June 25
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Settlement date: | June 28
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Underwriter: | Goldman Sachs & Co.
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Fees: | 4.45%
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Cusip: | 38147QBE5
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