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Published on 6/16/2016 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $5.03 million trigger notes due 2017 tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, June 16 – GS Finance Corp. priced $5.03 million of 0% index-linked trigger notes due Dec. 15, 2017 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If the final index level is greater than or equal to 78.35% of the initial index level, the payout at maturity will be par plus the greater of the return or par.

Otherwise, investors will be fully exposed to the index’s decline.

Goldman Sachs & Co. is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Trigger notes
Underlying index:S&P 500
Amount:$5,025,000
Maturity:Dec. 15, 2017
Coupon:0%
Price:Par of $10,000
Payout at maturity:If index closes at or above trigger level, greater of index return or par; otherwise, full exposure to index decline
Initial index level:2,075.32
Pricing date:June 14
Settlement date:June 17
Underwriter:Goldman Sachs & Co.
Fees:1.35%
Cusip:40054KE69

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