By Marisa Wong
Madison, Wis., Dec. 31 - Goldman Sachs Group, Inc. priced $2.94 million of callable monthly six-month Libor and Russell 2000 index-linked range accrual notes due Dec. 31, 2027, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 6.5% multiplied by the proportion of days on which the index closes at or above the index trigger level, which is 80% of the initial level, and six-month Libor is less than or equal to 6%. Interest is 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 six-month Libor and Russell 2000 index-linked notes
|
| Amount: | $2,937,000
|
| Maturity: | Dec. 31, 2027
|
| Coupon: | 6.5% times proportion of days on which index is at or 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 Dec. 31, 2013
|
| Initial index level: | 837.40
|
| Trigger level: | 669.92, 80% of initial level
|
| Pricing date: | Dec. 27
|
| Settlement date: | Dec. 31
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 3.7%
|
| Cusip: | 38141GLC6
|
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