By Susanna Moon
Chicago, April 30 - Goldman Sachs Group, Inc. priced $5.1 million of callable monthly range accrual notes due Jan. 30, 2019 linked to Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at an annualized rate of 6% 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 be exposed to losses beyond 20%.
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: | Russell 2000
|
| Amount: | $5.1 million
|
| Maturity: | Jan. 30, 2019
|
| Coupon: | 6% per day that index closes at or above coupon barrier, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par if index falls by up to 20%; exposure to losses beyond 20%
|
| Call option: | At par on any interest payment date beginning April 30, 2014
|
| Initial index level: | 940.28
|
| Coupon barrier level: | 752.224, 80% of initial level
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 3.85%
|
| Cusip: | 38141GRU0
|
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