By Angela McDaniels
Tacoma, Wash., Oct. 6 - Goldman Sachs Group, Inc. priced $1.2 million of callable quarterly index-linked range accrual notes due Sept. 30, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are an add-on to the $8.75 million issue Goldman Sachs priced on Sept. 27. The total issue size is now $9.95 million.
The original issue priced at par, and the add-on priced at 97.5.
The interest rate is 8% for the first year. After that, the interest rate will be 8% per year multiplied by the proportion of days on which the index closes above 72% of the initial level. Interest is payable quarterly.
The payout at maturity will be par.
After one year, 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 quarterly index-linked range accrual notes
|
| Underlying index: | S&P 500
|
| Amount: | $9.95 million, increased from $8.75 million
|
| Maturity: | Sept. 30, 2026
|
| Coupon: | 8% for first year; then 8% per year multiplied by proportion of days on which index closes above trigger level; payable quarterly
|
| Price: | Par for original $8.75 million; 97.5 for additional $1.2 million
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date from Sept. 30, 2012 onward
|
| Initial index level: | 1,175.38
|
| Trigger level: | 846.274, 72% of initial level
|
| Pricing dates: | Sept. 27 for original issue; Oct. 4 for add-on
|
| Settlement dates: | Sept. 30 for original issue; Oct. 6 for add-on
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 4.52% of original issue; 4.05% of add-on
|
| Cusip: | 38143UD81
|
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