By Marisa Wong
Madison, Wis., Feb. 27 - Goldman Sachs Group, Inc. priced $7 million of callable monthly range accrual notes due Feb. 28, 2022 linked to the S&P 500 index and six-month Libor, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 7% per year multiplied by the proportion of days on which the index closes above the 1,056.6815 trigger level and six-month Libor is 6% or less. The trigger level is 77.5% of the initial index level. Interest will be payable monthly.
The payout at maturity will be par.
After one year, the notes will be callable at par on any interest payment date.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable monthly range accrual notes
|
| Underlying index: | S&P 500
|
| Amount: | $7 million
|
| Maturity: | Feb. 28, 2022
|
| Coupon: | 7% per year times proportion of days on which S&P 500 is above trigger level and six-month Libor is 6% or less; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date beginning on Feb. 28, 2013
|
| Initial index level: | 1,363.46
|
| Index trigger level: | 1,056.6815, 77.5% of initial level
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 28
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 3.64%
|
| Cusip: | 38143UR60
|
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