New Issue: Goldman Sachs prices $1.99 million callable range accrual notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., Dec. 30 - Goldman Sachs Group, Inc. priced $1.99 million of callable monthly range accrual notes due Dec. 31, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 5.25% multiplied by the proportion of days on which the index's closing level is at least 80% of the initial level. Interest is payable monthly.

The payout at maturity will be par.

Beginning Dec. 31, 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:	$1,993,000
Maturity:	Dec. 31, 2023
Coupon:	5.25% multiplied by proportion of days on which index closes at or above barrier level; payable monthly
Price:	Par
Payout at maturity:	Par
Call option:	At par on any interest payment date from Dec. 31, 2014 onward
Initial index level:	1,161.09
Barrier level:	928.872, 80% of initial level
Pricing date:	Dec. 27
Settlement date:	Dec. 31
Underwriter:	Goldman Sachs & Co.
Fees:	3.45%
Cusip:	38147Q2N5

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.