New Issue: Goldman prices $5.12 million buffered range accrual notes on S&P 500

By Marisa Wong

Madison, Wis., May 31 - Goldman Sachs Group, Inc. priced $5.12 million of buffered index-linked range accrual notes due May 31, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes above the trigger level, 80% of the initial index level, on a monthly reference date, the notes will pay a coupon that month at an annual rate of 7.4%. If the index closes below the trigger level, no interest will be paid that month.

If the final index level is greater than or equal to the trigger level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final index level is below the trigger level.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Buffered index-linked range accrual notes
Underlying index:	S&P 500 index
Amount:	$5,122,000
Maturity:	May 31, 2017
Coupon:	If index closes above trigger level on a monthly reference date, annualized 7.4% for that month; otherwise, 0% for that month
Price:	Par
Payout at maturity:	If final index level is greater than or equal to trigger level, par; otherwise, 1% loss for every 1% decline beyond trigger level
Initial level:	1,332.42
Trigger level:	1,065.936, 80% of initial level
Pricing date:	May 29
Settlement date:	May 31
Agent:	Goldman, Sachs & Co.
Fees:	4.35%
Cusip:	38143U3C3

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