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Published on 4/15/2016 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $878,000 digital notes tied to Euro Stoxx 50 index

By Devika Patel

Knoxville, Tenn., April 15 – GS Finance Corp. priced $878,000 of 0% digital notes due Nov. 10, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index falls by up to 15%, the payout at maturity will be $1,110 per $1,000 of notes. Otherwise, investors will lose 1.1765% for every 1% decline beyond 15%.

Goldman Sachs & Co. is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Digital notes
Underlying index:Euro Stoxx 50
Amount:$878,000
Maturity:Nov. 10, 2017
Coupon:0%
Price:Par
Payout at maturity:If index return is greater than or equal to negative 15%, $1,110 per $1,000 of notes; otherwise, 1.1765% loss for every 1% decline beyond 15%
Initial index level:3,039.19
Pricing date:April 13
Settlement date:April 20
Agent:Goldman, Sachs & Co.
Fees:1.17%
Cusip:40054KAU0

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