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Published on 12/22/2015 in the Prospect News Structured Products Daily.

New Issue: Goldman Sachs prices $2.49 million buffered PLUS tied to S&P 500 index

By Tali Rackner

Norfolk, Va., Dec. 22 – Goldman Sachs Group, Inc. priced $2.49 million of 0% buffered Performance Leveraged Upside Securities due Dec. 20, 2018 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 two times the index return, subject to a maximum payment of $12.71 per PLUS.

Investors will receive par if the index declines by up to 10% and will be fully exposed to any losses beyond 10%.

Goldman Sachs & Co. is the underwriter.

Issuer:Goldman Sachs Group, Inc.
Issue:Buffered Performance Leveraged Upside Securities
Underlying index:S&P 500 index
Amount:$2,492,140
Maturity:Dec. 20, 2018
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus two times any index gain, capped at $12.71 per PLUS; par if index declines by up to 10%, full exposure to any decline beyond 10%
Initial index level:2,073.07
Pricing date:Dec. 16
Settlement date:Dec. 21
Underwriter:Goldman Sachs & Co.
Fees:3.175%
Cusip:38148X688

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