New Issue: Goldman prices $2.51 million callable monthly range accrual notes linked to Libor, Russell

By Angela McDaniels

Tacoma, Wash., Sept. 30 - Goldman Sachs Group, Inc. priced $2.51 million of callable monthly six-month Libor and Russell 2000 index-linked range accrual notes due Sept. 30, 2028, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 10% per year multiplied by the proportion of days on which the index closes at or above the trigger level, 72.5% of the initial index level, and six-month Libor is 6% or less. Interest is payable monthly.

If the final index level is 50% or more of the initial index level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level.

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
Underlyings:	Libor, Russell 2000
Amount:	$2,505,000
Maturity:	Sept. 30, 2028
Coupon:	10% per year multiplied by proportion of days on which index closes at or above trigger level and six-month Libor is 6% or less; payable monthly
Price:	Par
Payout at maturity:	Par if index return is greater than or equal to negative 50%; otherwise, full exposure to index's decline
Call option:	Beginning Sept. 30, 2014, at par on any interest payment date
Initial index level:	1,078.41
Trigger level:	781.84725, 72.5% of initial level
Pricing date:	Sept. 26
Settlement date:	Sept. 30
Underwriter:	Goldman Sachs & Co.
Fees:	4.55%
Cusip:	38147QRS7

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