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Published on 12/2/2014 in the Prospect News Structured Products Daily.

Goldman plans callable contingent coupon notes on Russell, Stoxx 50

New York, Dec. 2 – Goldman Sachs Group, Inc. plans to price callable contingent coupon notes due Dec. 28, 2029 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of $20.00 for each $1,000 par amount if each index closes at or above the 65% barrier level on the determination date for that quarter.

The payout at maturity will be par plus the contingent coupon if each component finishes at or above the 65% barrier level.

If the return of either index is less than negative 35% but the return of both indexes is greater than or equal to negative 50%, the payout will be par. Investors will not receive a coupon in this case.

If the return of either index is less than negative 50%, the payout will be par plus the return of the lesser performing index.

The notes are callable at par on any coupon payment date beginning Dec. 28, 2015.

Goldman Sachs & Co. is the underwriter.

The notes will price on Dec. 24 and settle on Dec. 30.

The Cusip number is 38147QPD2.


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