By Susanna Moon
Chicago, Oct. 17 - Goldman Sachs Group, Inc. priced $4.16 million of callable quarterly index-linked range accrual notes due Oct. 18, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 8% for the first year. After that, it will accrue at 8% for each day that the index closes above the 869.644 trigger level, which is 72.25% 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 after one year.
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: | $4,157,000
|
| Maturity: | Oct. 18, 2026
|
| Coupon: | 8% for one year; then 8% for each day that index closes above trigger level; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on interest payment dates beginning on Oct. 18, 2012
|
| Initial index level: | 1,203.66
|
| Trigger level: | 869.644, 72.25% of initial level
|
| Pricing date: | Oct. 13
|
| Settlement date: | Oct. 18
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 5%
|
| Cusip: | 38143UG21
|
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