New Issue: Goldman prices $1.34 million callable monthly range accrual notes on Libor, Russell

By Jennifer Chiou

New York, July 31 - Goldman Sachs Group, Inc. priced $1,339,000 of callable monthly six-month Libor and Russell 2000 index-linked range accrual notes due July 31, 2028, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 10% multiplied by the proportion of days on which the index closes at or above 75% of the initial index level and six-month Libor is 6% or less. Interest is payable monthly.

The payout at maturity will be par if the index finishes at or above 50% of the initial level. Otherwise, investors will share fully in losses.

The notes will be callable at par on any interest payment date beginning on July 31, 2014.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable monthly range accrual notes
Underlying index:	Russell 2000
Amount:	$1,339,000
Maturity:	July 31, 2028
Coupon:	10% multiplied by the proportion of days on which the index closes at or above 75% of the initial index level and six-month Libor is 6% or less; payable monthly
Price:	Par
Payout at maturity:	Par if final index level is at least 50% of initial level; otherwise, full exposure to losses from initial index level
Call option:	At par on any interest payment date beginning on July 31, 2014
Initial level:	1,040.66
Trigger level:	780.495, 75% of initial level
Pricing date:	July 29
Settlement date:	July 31
Underwriter:	Goldman Sachs & Co.
Fees:	4.4%
Cusip:	38147QGW0

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