By Angela McDaniels
Tacoma, Wash., Dec. 31 - Goldman Sachs Group, Inc. priced $1.09 million of callable quarterly index-linked range accrual notes due Dec. 31, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 7% for the first two years. After that, the rate will 7% per year multiplied by the proportion of days on which the index closes above 77.5% of the initial level. Interest is payable quarterly.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date beginning Dec. 31, 2011.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable quarterly index-linked range accrual notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,086,000
|
| Maturity: | Dec. 31, 2025
|
| Coupon: | 7% for two years; then 7% per year multiplied by proportion of days on which index closes above 77.5% of initial level; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on interest payment dates from Dec. 31, 2011 onward
|
| Initial index level: | 1,258.51
|
| Pricing date: | Dec. 28
|
| Settlement date: | Dec. 31
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 4.4%
|
| Cusip: | 38143UQF1
|
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