By Susanna Moon
Chicago, May 22 - Goldman Sachs Group, Inc. priced $1 million of callable monthly range accrual notes due May 23, 2027 linked to the S&P 500 index and six-month Libor, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will accrue at an annualized rate for each day that the index closes above the 73% trigger level and six-month Libor is 6% or less. The rate will be 8.55% for the first five years, stepping up to 9.55% through year 10 and to 10.55% after that until maturity. Interest will be payable monthly.
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 monthly range accrual notes
|
| Underlying index: | S&P 500
|
| Amount: | $1 million
|
| Maturity: | May 23, 2027
|
| Coupon: | Annualized rate for each day that day index closes above trigger level and six-month Libor is 6% or less of 8.55% initially, stepping up to 9.55% in year six and to 10.55% in year 11; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date beginning on May 23, 2013
|
| Initial index level: | 1,295.22
|
| Index trigger level: | 945.5106, 73% of initial level
|
| Pricing date: | May 18
|
| Settlement date: | May 23
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.8%
|
| Cusip: | 38143U3B5
|
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