Published on 12/31/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $642,000 callable monthly range accrual notes tied to Russell 2000
By Toni Weeks
San Luis Obispo, Calif., Dec. 31 – Goldman Sachs Group, Inc. priced $642,000 of callable monthly Russell 2000 index-linked range accrual notes due Dec. 31, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 4.5% for each day that the index closes at or above the 75% coupon barrier level. Interest is payable monthly.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date beginning March 31, 2015.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Callable monthly range accrual notes
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Underlying index: | Russell 2000
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Amount: | $642,000
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Maturity: | Dec. 31, 2024
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Coupon: | 4.5% for each day that index closes at or above 75% coupon barrier level; payable monthly
|
Price: | Par
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Payout at maturity: | Par
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Call option: | At par on any interest payment date beginning March 31, 2015
|
Initial level: | 1,219.09
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Coupon barrier level: | 914.33175, 75% of initial level
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Pricing date: | Dec. 29
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Settlement date: | Dec. 31
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Underwriter: | Goldman Sachs & Co.
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Fees: | 3.95%
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Cusip: | 38147QP59
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