By Susanna Moon
Chicago, Nov. 29 - Goldman Sachs Group, Inc. priced $4.53 million of callable quarterly range accrual notes due Nov. 28, 2025 based on the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 7% for the first year. After that, the rate will be 7% for each quarter that the index closes above the trigger level, which is 75% of the initial level. Interest is payable quarterly.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date beginning Nov. 29, 2011.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable quarterly range accrual notes
|
| Underlying index: | S&P 500
|
| Amount: | $4,527,000
|
| Maturity: | Nov. 28, 2025
|
| Coupon: | 7% for first year; then 7% if index closes above trigger level; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on interest payment dates after one year
|
| Initial level: | 1,180.73
|
| Trigger level: | 885.5475, or 75% of initial level
|
| Pricing date: | Nov. 23
|
| Settlement date: | Nov. 29
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 4.09%
|
| Cusip: | 38143UPR6
|
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