By Marisa Wong
Madison, Wis., Sept. 26 - Goldman Sachs Group, Inc. priced $2.63 million of callable monthly Russell 2000 index-linked range accrual notes due Sept. 27, 2023, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at an annualized rate of 6% for each day that the index closes at or above the 80% trigger level. Interest is 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.
|
| Issue: | Callable monthly range accrual notes
|
| Underlying index: | Russell 2000
|
| Amount: | $2.63 million
|
| Maturity: | Sept. 27, 2023
|
| Coupon: | 6% per year for each day that index closes above trigger level, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date beginning Sept. 27, 2014
|
| Initial level: | 1,074.68
|
| Trigger level: | 859.744, 80% of initial level
|
| Pricing date: | Sept. 24
|
| Settlement date: | Sept. 27
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 4.2%
|
| Cusip: | 38147QSW7
|
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