New Issue: Goldman prices $2.87 million 10-year callable monthly range accrual notes on Russell

By Jennifer Chiou

New York, March 3 - Goldman Sachs Group, Inc. priced $2,873,000 of callable monthly Russell 2000 index-linked range accrual notes due Feb. 28, 2024, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 5% per year multiplied by the proportion of days on which the index closes at or above the barrier level, 77.5% of the initial index level. Interest will be payable monthly.

The payout at maturity will be par.

Beginning on Feb. 28, 2015, 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:	$2,873,000
Maturity:	Feb. 28, 2024
Coupon:	5% multiplied by proportion of days on which index closes at or above barrier level
Price:	Par
Payout at maturity:	Par
Call option:	At par on any interest payment date beginning on Feb. 28, 2015
Initial level:	1,181.7195
Barrier level:	915.8326125, 77.5% of initial level
Pricing date:	Feb. 26
Settlement date:	Feb. 28
Underwriter:	Goldman Sachs & Co.
Fees:	3.33%
Cusip:	38147QJK3

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