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Published on 10/20/2015 in the Prospect News Structured Products Daily.

New Issue: Goldman Sachs prices $22.43 million PLUS linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Oct. 20 – Goldman Sachs Group, Inc. priced $22.43 million of 0% Performance Leveraged Upside Securities due Jan. 20, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 17.35%. Investors will be exposed to losses if the index declines.

Goldman Sachs & Co. is the underwriter. Morgan Stanley Wealth Management is a dealer.

Issuer:Goldman Sachs Group, Inc.
Issue:Performance Leveraged Upside Securities
Underlying index:S&P 500
Amount:$22,428,190
Maturity:Jan. 20, 2017
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any index gain, capped at 17.35%; full exposure to any index decline
Initial index level:2,033.11
Pricing date:Oct. 16
Settlement date:Oct. 21
Underwriter:Goldman Sachs & Co.
Dealer:Morgan Stanley Wealth Management
Fees:2.35%
Cusip:38148X407

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