By Jennifer Chiou
New York, June 11 – Goldman Sachs Group, Inc. priced $10.5 million of callable monthly Russell 2000 index-linked range accrual notes due June 12, 2029, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be the interest factor multiplied by the proportion of days on which the index closes at or above the barrier level, 75% of the initial index level, and six-month Libor is 6% or less. The interest factor will be 6% per year for the first 60 monthly interest payment dates, 7% per year for the next 60 monthly interest payment dates and 8% per year for the final 60 monthly interest payment dates.
The payout at maturity will be par.
Beginning on Dec. 12, 2014, the notes will be callable at par on any interest payment date.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Callable monthly range accrual notes
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| Underlying index: | Russell 2000
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| Amount: | $10.5 million
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| Maturity: | June 12, 2029
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| Coupon: | Interest factor multiplied by proportion of days on which index closes at or above barrier level and six-month Libor is 6% or less; interest factor will be 6% per year for the first 60 monthly interest payment dates, 7% per year for the next 60 monthly interest payment dates and 8% per year for the final 60 monthly interest payment dates; payable monthly
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| Price: | Par
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| Payout at maturity: | Par
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| Call: | At par on any monthly interest payment date beginning Dec. 12, 2014
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| Initial index level: | 1,175.88
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| Barrier level: | 881.91, 75% of initial level
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| Pricing date: | June 9
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| Settlement date: | June 12
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 3.29%
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| Cusip: | 38147QAH9
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