By Marisa Wong
Madison, Wis., Nov. 5 - Goldman Sachs Group, Inc. priced $2 million of callable monthly Russell 2000 index-linked range accrual notes due Nov. 7, 2022, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be 10.25% multiplied by the proportion of days on which the index closes at or above the index trigger level, which is 70% of the initial level. Interest is payable monthly.
If the final index level is greater than or equal to 60% of the initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to losses.
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: | Russell 2000
|
| Amount: | $2 million
|
| Maturity: | Nov. 7, 2022
|
| Coupon: | 10.25% per year multiplied by proportion of days on which the index is at or above trigger level; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par if final index level is at least 60% of initial level; otherwise, full exposure to losses
|
| Call option: | At par on any interest payment date beginning Nov. 5, 2013
|
| Initial index level: | 818.73
|
| Trigger level: | 573.111, 70% of initial level
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 5
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.95%
|
| Cusip: | 38141GHD9
|
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