New Issue: Goldman prices $608,000 callable monthly range accrual notes tied to S&P 500

By Susanna Moon

Chicago, Aug. 30 - Goldman Sachs Group, Inc. priced $608,000 of callable monthly range accrual notes due Aug. 30, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at 8% for each day that the index closes at or above the 77% interest barrier level. Interest will be payable monthly.

The notes will be callable at par on any interest payment date after one year.

The payout at maturity will be par if the index falls by up to 50%.

Otherwise, investors will be fully exposed to any losses if the index finishes below the 50% trigger level.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable monthly index-linked range accrual notes
Underlying index:	S&P 500 index
Amount:	$608,000
Maturity:	Aug. 30, 2028
Coupon:	8% annualized for each day that the index closes at or above barrier level, payable monthly
Price:	Par
Payout at maturity:	Par if index falls by up to 50%; otherwise, full exposure to any losses if index falls below trigger level
Initial level:	1,634.96
Barrier level:	1,258.9192, 77% of initial level
Trigger level:	50% of initial level
Call option:	At par plus accrued interest on any interest payment date beginning Aug. 30, 2014
Pricing date:	Aug. 27
Settlement date:	Aug. 30
Agent:	Goldman Sachs & Co.
Fees:	4.55%
Cusip:	38147QKW5

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