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Published on 1/2/2009 in the Prospect News Structured Products Daily.

New Issue: Goldman Sachs upsizes leveraged notes linked to S&P 500 to $45.81 million

By Susanna Moon

Chicago, Jan. 2 - Goldman Sachs Group, Inc. priced another $2.24 million of 0% leveraged equity index-linked notes due Nov. 5, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes priced at 98.25 and bring the total issue size to $45.81 million. Goldman priced $43.57 million of the notes at par on Dec. 19.

Payout at maturity will be par plus 500% of any index gain, up to a maximum settlement amount of $1,600 per $1,000 note. Investors will receive at least par.

Goldman, Sachs & Co. is the underwriter.

Issuer:Goldman Sachs Group, Inc.
Issue:Leveraged equity index-linked notes
Underlying index:S&P 500
Amount:$45,807,000, up from $43,565,000
Maturity:Nov. 5, 2010
Coupon:0%
Price:Par for $43,565,000; 98.25 for $2,242,000
Payout at maturity:Par plus 500% of any index gain, capped at maximum return of 60%; floor of par
Initial index level:899.25
Pricing date:Dec. 19 for $43,565,000; Dec. 30 for $2,242,000
Settlement date:Jan. 6
Underwriter:Goldman, Sachs & Co.
Fees:0.15%

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