New Issue: Goldman Sachs prices $4.66 million callable range accrual notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Jan. 28 - Goldman Sachs Group, Inc. priced $4.66 million of callable quarterly index-linked range accrual notes due Jan. 31, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 6% for the first two years. After that, interest will accrue at a per-year rate multiplied by the proportion of days on which the index closes above 75% of the initial level. The rate is initially 6% and step up to 7% on Jan. 26, 2015, to 8% on Jan. 24, 2019 and to 9% on Jan. 24, 2023. Interest is payable quarterly.

The payout at maturity will be par.

The notes will be callable at par on any interest payment date beginning Jan. 31, 2012.

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:	$4,658,000
Maturity:	Jan. 31, 2026
Coupon:	6% for two years; then per-year rate multiplied by proportion of days on which index closes above 75% of initial level; rate is initially 6% and step up to 7% on Jan. 26, 2015, to 8% on Jan. 24, 2019 and to 9% on Jan. 24, 2023; payable quarterly
Price:	Par
Payout at maturity:	Par
Call option:	At par on interest payment dates from Jan. 31, 2012 onward
Initial index level:	1,296.63
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Underwriter:	Goldman Sachs & Co.
Fees:	4.45%
Cusip:	38143UQU8

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