By Susanna Moon
Chicago, June 27 - Goldman Sachs Group, Inc. priced $2 million of callable buffered monthly Russell 2000 index-linked range accrual notes due March 28, 2019, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 6.35% for each day that the index closes at or above the 80% coupon trigger level. Interest is payable monthly.
The payout at maturity will be par if the index falls by up to 20% and investors will be exposed to any losses beyond 20%.
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 buffered monthly range accrual notes
|
| Underlying index: | Russell 2000
|
| Amount: | $2,001,000
|
| Maturity: | March 28, 2019
|
| Coupon: | 6.35% for each day that index closes at or above coupon trigger level; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par if index falls by up to 20%; exposure to losses beyond 20%
|
| Call option: | At par on any interest payment date beginning June 28, 2014
|
| Initial index level: | 961.26
|
| Trigger level: | 769.008, 80% of initial level
|
| Pricing date: | June 25
|
| Settlement date: | June 28
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 4.45%
|
| Cusip: | 38147QBE5
|
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