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Published on 1/28/2014 in the Prospect News Structured Products Daily.

New Issue: Goldman Sachs prices $8.06 million leveraged buffered notes linked to iShares MSCI EM

By Angela McDaniels

Tacoma, Wash., Jan. 28 - Goldman Sachs Group, Inc. priced $8.06 million of 0% leveraged buffered notes due Feb. 10, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 2 times the ETF return, subject to a maximum settlement amount of $1,250 per $1,000 principal amount of notes. Investors will receive par if the shares fall by 10% or less and will lose 1.1111% for each 1% that they decline beyond 10%.

The initial share price set for the notes, $38.45, is higher than the actual closing price of the shares on the pricing date, which was $38.24.

Goldman Sachs & Co. is the underwriter.

Issuer:Goldman Sachs Group, Inc.
Issue:Leveraged buffered notes
Underlying fund:iShares MSCI Emerging Markets ETF
Amount:$8.06 million
Maturity:Feb. 10, 2016
Coupon:0%
Price:Par
Payout at maturity:Par plus 200% of any fund gain, subject to 25% cap; par if shares fall by up to 10%; 1.1111% loss for each 1% drop beyond 10%
Initial share price:$38.45
Pricing date:Jan. 24
Settlement date:Jan. 31
Underwriter:Goldman Sachs & Co.
Fees:1.675%
Cusip:38147V626

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