By Toni Weeks
San Luis Obispo, Calif., July 7 – Goldman Sachs Group, Inc. priced $1.27 million of callable monthly Russell 2000 index-linked range accrual notes due July 7, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 4.85% for each day that the index closes at or above the 75% trigger level. Interest is payable monthly.
The payout at maturity will be par.
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 monthly range accrual notes
|
| Underlying index: | Russell 2000
|
| Amount: | $1.27 million
|
| Maturity: | July 7, 2025
|
| Coupon: | 4.85% for each day that index closes at or above coupon barrier level; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date beginning July 7, 2016
|
| Initial level: | 1,248.259
|
| Coupon barrier level: | 936.19425, 75% of initial level
|
| Pricing date: | July 2
|
| Settlement date: | July 7
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 3.9%
|
| Cusip: | 38148T5R6
|
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