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Published on 10/5/2016 in the Prospect News Structured Products Daily.

Goldman plans contingent coupon callable notes tied to three indexes

By Susanna Moon

Chicago, Oct. 5 – GS Finance Corp. plans to price callable contingent coupon notes due in 24 months linked to the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 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 9% to 10.5% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter.

The notes will be callable at par on any determination date beginning in January 2017.

The payout at maturity will be par unless any index falls below the 70% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 40054KLW4.


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