New Issue: Goldman prices $2.29 million range accrual notes tied to Libor, S&P 500

By Susanna Moon

Chicago, June 30 - Goldman Sachs Group, Inc. priced $2.29 million of callable quarterly range accrual notes due June 30, 2026 linked to the S&P 500 index and Libor, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 7.25% for the first three years. After that, it will accrue at 7.25% per year on each day that Libor is 6.5% or less and the index closes above the trigger level, which is 70% of the initial level. Interest is payable quarterly.

The payout at maturity will be par.

The notes are callable at par on any interest payment date after three years.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable quarterly range accrual notes
Underlying index:	S&P 500
Amount:	$2,292,000
Maturity:	June 30, 2026
Coupon:	7.25% for three years; then 7.25% multiplied by proportion of days on which Libor is 6.5% or less and index closes above trigger level; payable quarterly
Price:	Par
Payout at maturity:	Par
Call option:	At par on interest payment dates beginning June 30, 2014
Initial index level:	1,296.67
Trigger level:	907.669, or 70% of initial level
Pricing date:	June 28
Settlement date:	June 30
Underwriter:	Goldman Sachs & Co.
Fees:	4.9%
Cusip:	38143UWD9

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