New Issue: Goldman Sachs prices $905,000 range accrual notes linked to Libor, S&P 500

By Angela McDaniels

Tacoma, Wash., March 19 - Goldman Sachs Group, Inc. priced $905,000 of callable monthly range accrual notes due March 20, 2028 linked to six-month Libor and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is the applicable rate multiplied by the proportion of days on which the index closes at or above the index trigger level, which is 75% of the initial level, and six-month Libor is less than or equal to 6%. The applicable rate is 6% per year for the first 96 months, 7% for the next 60 months and 8% for the last 24 months. Interest is payable monthly.

The payout at maturity will be par.

Beginning March 20, 2014, the notes will be callable at par on any interest payment date.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable monthly range accrual six-month Libor and S&P 500 index-linked notes
Amount:	$905,000
Maturity:	March 20, 2028
Coupon:	Applicable rate times proportion of days on which index closes at or above trigger level and six-month Libor is 6% or less; applicable rate is 6% per year for first 96 months, 7% for next 60 months and 8% for last 24 months; payable monthly
Price:	Par
Payout at maturity:	Par
Call option:	At par on any interest payment date from March 20, 2014 onward
Initial index level: 1,560.70
Trigger level:	1,170.525, 75% of initial level
Pricing date:	March 15
Settlement date:	March 20
Underwriter:	Goldman Sachs & Co.
Fees:	4.05%
Cusip:	38141GPX6

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