New Issue: Goldman prices $3.57 million callable monthly range accrual notes on S&P

By Susanna Moon

Chicago, Dec. 29 – Goldman Sachs Group, Inc. priced $3.57 million of callable monthly S&P 500 index-linked range accrual notes due Dec. 29, 2029, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at 7.75% for each day that the index closes at or above the 75% coupon barrier level. Interest is payable monthly.

The payout at maturity will be par unless the index falls by more than 40%, in which case investors will be fully exposed to any losses.

The notes will be callable at par on any interest payment date beginning March 29, 2015.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable monthly range accrual notes
Underlying index:	S&P 500
Amount:	$3,571,000
Maturity:	Dec. 29, 2029
Coupon:	7.75% annualized per day that index closes at or above coupon barrier level
Price:	Par
Payout at maturity:	Par unless index falls 60% trigger level, in which case full exposure to any losses
Call option:	At par on any interest payment date beginning March 29, 2015
Initial level:	2,082.17
Coupon barrier:	1,561.6275, 75% of initial level
Trigger level:	60% of initial level
Pricing date:	Dec. 23
Settlement date:	Dec. 29
Underwriter:	Goldman Sachs & Co.
Fees:	4.65%
Cusip:	38147QQG4

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