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Published on 6/10/2016 in the Prospect News Structured Products Daily.

GS Finance plans callable contingent coupon notes on Russell, S&P 500

New York, June 10 – GS Finance Corp. plans to price callable contingent coupon notes due July 8, 2019 linked to the worse performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 8% if each index closes at or above 70% of its initial level on every trading day during that quarter.

Beginning in October, the notes are callable at par plus the contingent coupon, if any, on any quarterly payment date.

The payout at maturity will be par plus the final contingent coupon, if applicable, unless either index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

Goldman Sachs & Co. is the agent.

The notes will price on June 28 and settle on June 30.

The Cusip number is 40054KDY9.


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