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Published on 2/14/2017 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $6.63 million notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 14 – GS Finance Corp. priced $6.63 million of 0% notes due Jan. 7, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is at least negative 40%, the payout at maturity will be the threshold settlement amount of $1,072.50 per $1,000 principal amount. If the index falls by more than 40%, investors will be fully exposed to the decline below the initial level.

Goldman Sachs & Co. is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Notes
Underlying index:S&P 500
Amount:$6,631,000
Maturity:Jan. 7, 2019
Coupon:0%
Price:Par
Payout at maturity:If index return is at least negative 40%, par plus 7.25%; otherwise, full exposure to index decline
Initial level:2,316.10
Pricing date:Feb. 10
Settlement date:Feb. 15
Agent:Goldman Sachs & Co.
Fees:0.25%
Cusip:40054KWQ5

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