By Susanna Moon
Chicago, Feb. 12 - Goldman Sachs Group, Inc. priced $2 million of callable monthly index-linked range accrual notes due Feb. 13, 2024 linked to the Russell 2000 index, the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 10% for each day that each index closes at or above 65% coupon barrier level. Interest is payable monthly.
The payout at maturity will be par unless any index falls by more than 40%, in which case investors will be fully exposed to the losses of the worse performing index.
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
|
| Underlying indexes: | Russell 2000 index, Euro Stoxx 50 index and S&P 500 index
|
| Amount: | $2 million
|
| Maturity: | Feb. 13, 2024
|
| Coupon: | 10% per day that each index closes at or above coupon barrier level; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless any index falls by more than 40%, in which case full exposure to any losses of the worse performing index
|
| Call option: | At par on any interest payment date beginning on Feb. 13, 2015
|
| Coupon barrier levels: | 65% of initial level
|
| Trigger levels: | 60% of initial level
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| Pricing date: | Feb. 10
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| Settlement date: | Feb. 13
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.95%
|
| Cusip: | 38147QMK9
|
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