New Issue: Goldman Sachs prices $5.79 million buffered range accrual notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., July 31 - Goldman Sachs Group, Inc. priced $5.79 million of buffered range accrual medium-term notes due July 31, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 7% per year multiplied by the proportion of days on which the index closes above the trigger level, which is 80% of the initial index level. Interest is payable monthly.

If the final index level is greater than or equal to the trigger level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final index level is below the trigger level.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Buffered range accrual medium-term notes
Underlying index:	S&P 500
Amount:	$5,785,000
Maturity:	July 31, 2017
Coupon:	7% per year multiplied by proportion of days on which the index closes above trigger level; payable monthly
Price:	Par
Payout at maturity:	If final index level is greater than or equal to trigger level, par; otherwise, 1% loss for every 1% that final index level is below trigger level
Initial index level:	1,385.97
Trigger level:	1,108.776, 80% of initial level
Pricing date:	July 27
Settlement date:	July 31
Agent:	Goldman Sachs & Co.
Fees:	3.7%
Cusip:	38143U4F5

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