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Published on 10/28/2010 in the Prospect News Structured Products Daily.

New Issue: Goldman Sachs prices $748,000 seven-year 2% notes tied to Dow Industrials

By Angela McDaniels

Tacoma, Wash., Oct. 28 - Goldman Sachs Group, Inc. priced $748,000 of 2% equity index-linked notes due Oct. 31, 2017 tied to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

If the index return is 14% or less, the payout at maturity will be par. Otherwise, investors will receive par plus 1% for every 1% that the index return exceeds 14%, subject to a maximum settlement amount of $1,315 per $1,000 principal amount of notes.

Goldman, Sachs & Co. is the underwriter.

Issuer:Goldman Sachs Group, Inc.
Issue:Equity index-linked notes
Underlying index:Dow Jones Industrial Average
Amount:$748,000
Maturity:Oct. 31, 2017
Coupon:2%, payable monthly
Price:Par
Payout at maturity:If index return is 14% or less, par; otherwise, par plus 1% for every 1% that index return exceeds 14%, up to maximum payout of $1,315 per note
Initial index level:11,169.46
Pricing date:Oct. 26
Settlement date:Oct. 29
Underwriter:Goldman, Sachs & Co.
Fees:4.9%
Cusip:38143UNH0

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