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Published on 12/22/2015 in the Prospect News Structured Products Daily.

New Issue: Goldman prices $2.15 million PLUS linked to Energy Select Sector SPDR

By Tali Rackner

Norfolk, Va., Dec. 22 – Goldman Sachs Group, Inc. priced $2.15 million of 0% Performance Leveraged Upside Securities due March 21, 2017 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par of $10 plus 300% of the fund gain, subject to a maximum payment of $12.35 per PLUS.

Investors will be exposed to losses if the fund declines.

Goldman Sachs & Co. is the underwriter.

Issuer:Goldman Sachs Group, Inc.
Issue:Performance Leveraged Upside Securities
Underlying fund:Energy Select Sector SPDR fund
Amount:$2,147,000
Maturity:March 21, 2017
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any fund gain, capped at $12.35 per PLUS; full exposure to any decline
Initial share price:$61.90
Pricing date:Dec. 16
Settlement date:Dec. 21
Underwriter:Goldman Sachs & Co.
Fees:2.35%
Cusip:38148X712

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