New Issue: Goldman Sachs sells $3.71 million notes tied to MSCI Spain 25/50 stocks

By Marisa Wong

Morgantown, W.Va., Nov. 2 – Goldman Sachs Group, Inc. priced $3.71 million of 0% notes due May 1, 2017 linked to the common shares of the 25 Spanish companies included in the MSCI Spain 25/50 index, according to a 424B2 filing with the Securities and Exchange Commission.

For each $1,000 principal amount of notes, the payout at maturity will be the sum of (i) $1,000 plus (ii) the product of (a) $1,000 times (b) the basket return. The notes are not principal protected.

The basket includes the following shares with a 5% weight each: Amadeus IT Holding SA, Banco Bilbao Vizcaya Argentaria, Banco De Sabadell SA, Banco Santander SA, Caixabank SA, Ferrovial SA, Iberdrola SA, Inditex, Repsol SA and Telefonica SA. It also includes Abertis Infraestructuras SA (3.960% weight), ACS Actividades de Construccion y Servicios SA (3.443% weight), Aena SA (3.398% weight), Banco Popular Espanol (4.128% weight), Bankia SA (3.307% weight), Bankinter, SA (2.295% weight), Distribuidora Internacional de Alimentacion SA (2.569% weight), Enagas SA (3.393% weight), Endesa SA (2.923% weight), Gas Natural SDG SA (4.020% weight), Grifols SA (3.739% weight), International Consolidated Airlines Group SA (3.961% weight), Mapfre SA (2.220% weight), Red Electrica Corporacion SA (4.720% weight) and Zardoya Otis SA (1.924% weight).

The basket was composed on Aug. 27 and includes all of the constituents of the index at that time. To determine the initial weight of each stock, the calculation agent began with the weights of the 25 companies in the index as of Aug. 27 and then reweighted each of the stocks so that no stock was weighted in excess of 5% of the basket. For each stock having an initial weight of more than 5%, the excess weight was distributed to each of the other non-capped stocks pro rata according to their initial weights.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Basket-linked notes
Underlying basket:	Amadeus IT Holding SA, Banco Bilbao Vizcaya Argentaria, Banco De Sabadell SA, Banco Santander SA, Caixabank SA, Ferrovial SA, Iberdrola SA, Inditex, Repsol SA and Telefonica SA with 5% weight each; Abertis Infraestructuras SA (3.960% weight), ACS Actividades de Construccion y Servicios SA (3.443% weight), Aena SA (3.398% weight), Banco Popular Espanol (4.128% weight), Bankia SA (3.307% weight), Bankinter, SA (2.295% weight), Distribuidora Internacional de Alimentacion SA (2.569% weight), Enagas SA (3.393% weight), Endesa SA (2.923% weight), Gas Natural SDG SA (4.020% weight), Grifols SA (3.739% weight), International Consolidated Airlines Group SA (3.961% weight), Mapfre SA (2.220% weight), Red Electrica Corporacion SA (4.720% weight) and Zardoya Otis SA (1.924% weight)
Amount:	$3,709,000
Maturity:	May 1, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus basket return, with full exposure to losses
Pricing date:	Oct. 26
Settlement date:	Nov. 2
Underwriter:	Goldman Sachs & Co.
Fees:	0.85%
Cusip:	38148TGP8

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