New Issue: Goldman prices $2.71 million callable buffered monthly range accrual notes on S&P 500

By Jennifer Chiou

New York, Dec. 23 - Goldman Sachs Group, Inc. priced $2,712,000 of callable buffered monthly S&P 500 index-linked range accrual notes due Dec. 26, 2020, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at 5.8% for each day that the index closes at or above the 80% coupon barrier level. Interest will be payable monthly.

The payout at maturity will be par if the index falls by up to 20%. Otherwise, investors will to any losses beyond 20%.

The notes will be callable at par on any interest payment date beginning on Dec. 26, 2014.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable buffered monthly range accrual notes
Underlying index:	S&P 500
Amount:	$2,712,000
Maturity:	Dec. 26, 2020
Coupon:	5.8% multiplied by proportion of days on which index closes at or above the 80% coupon barrier; payable monthly
Price:	Par
Payout at maturity:	Par unless the final index level falls below 20% of the initial level, in which case investors will be exposed to losses beyond buffer
Call option:	At par on any interest payment date beginning Dec. 26, 2014
Initial level:	1,818.32
Trigger level:	1,454.656, 80% of initial level
Pricing date:	Dec. 20
Settlement date:	Dec. 26
Underwriter:	Goldman Sachs & Co.
Fees:	4.4%
Cusip:	38147Q2S4

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