Published on 9/17/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $3 million callable range accrual notes on S&P, Libor
By Jennifer Chiou
New York, Sept. 17 - Goldman Sachs Group, Inc. priced $3 million of callable monthly range accrual notes due Sept. 18, 2024 linked to the S&P 500 index and six-month Libor, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will accrue at 6.75%% for each day that the index closes above the 77.5% trigger level and six-month Libor is 6% or less. Interest will be 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.
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Issue: | Callable monthly range accrual notes
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Underlying index: | S&P 500
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Amount: | $3 million
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Maturity: | Sept. 18, 2024
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Coupon: | 6.75% per year for each day that index closes above trigger level and six-month Libor is 6% or less, payable monthly
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par on any interest payment date beginning on Sept. 18, 2013
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Initial index level: | 1,459.99
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Index trigger level: | 1,131.49225, 77.5% of initial level
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Pricing date: | Sept. 13
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Settlement date: | Sept. 18
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Agent: | Goldman, Sachs & Co.
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Fees: | 4.475%
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Cusip: | 38143U6X4
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