New Issue: Goldman prices $1.67 million callable range accrual notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., Nov. 25 - Goldman Sachs Group, Inc. priced $1.67 million of callable monthly range accrual notes due Nov. 26, 2028 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 8.25% multiplied by the proportion of days on which the index's closing level is at least 75% of the initial level. Interest is payable monthly.

If the index return is greater than or equal to negative 50%, 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 level.

Beginning Nov. 26, 2014, 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:	$1,673,000
Maturity:	Nov. 26, 2028
Coupon:	8.25% multiplied by proportion of days on which index closes at or above barrier level; payable monthly
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 50%, par; otherwise, 1% loss for every 1% that final index level is less than initial level
Call option:	At par on any interest payment date from Nov. 26, 2014 onward
Initial index level:	1,119.62
Barrier level:	839.715, or 75% of initial level
Pricing date:	Nov. 21
Settlement date:	Nov. 26
Underwriter:	Goldman Sachs & Co.
Fees:	4.8%
Cusip:	38147QP67

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