New Issue: Goldman Sachs prices $2.76 million 10-year callable range accrual notes on S&P 500

By Marisa Wong

Madison, Wis., Sept. 9 - Goldman Sachs Group, Inc. priced $2.76 million of callable quarterly range accrual notes due Sept. 10, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly and is equal to 7% for the first year. After that, interest will accrue at 7% per year if the closing level of the index on the relevant observation date is above 80% of the initial level.

The payout at maturity will be par.

The notes will be callable at par on any interest payment date beginning Sept. 10, 2011.

Goldman, Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable quarterly range accrual notes
Underlying index:	S&P 500
Amount:	$2,762,000
Maturity:	Sept. 10, 2020
Coupon:	7% for first year; then 7% per year if index closes above 80% of initial level; payable quarterly
Price:	Par
Payout at maturity:	Par
Call option:	At par on interest payment dates beginning Sept. 10, 2011
Initial level:	1,090.10
Trigger level:	872.08, 80% of initial level
Pricing date:	Sept. 7
Settlement date:	Sept. 10
Underwriter:	Goldman, Sachs & Co.
Fees:	2.035%
Cusip:	38143UMS7

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