New Issue: Goldman prices $2.77 million range accrual notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., Nov. 30 – Goldman Sachs Group, Inc. priced $2.77 million of callable monthly Russell 2000 index-linked range accrual notes due Nov. 27, 2025, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 4.65% per year multiplied by the proportion of days on which the index closes at or above the barrier level, 75% of the initial index level. Interest is payable monthly.

The payout at maturity will be par.

Beginning Nov. 27, 2016, 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:	$2,767,000
Maturity:	Nov. 27, 2025
Coupon:	4.65% per year multiplied by proportion of days on which index closes at or above barrier level; payable monthly
Price:	Par
Payout at maturity:	Par
Call option:	At par on any interest payment date beginning Nov. 27, 2016
Initial index level:	1,180.359
Barrier level:	885.26925, 75% of initial level
Pricing date:	Nov. 23
Settlement date:	Nov. 27
Underwriter:	Goldman Sachs & Co.
Fees:	3.9%
Cusip:	38148THP7

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