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Published on 7/13/2017 in the Prospect News Structured Products Daily.

GS Finance plans autocallable notes linked to Dow, S&P 500, Russell

New York, July 13 – GS Finance Corp. plans to price 0% autocallable index-linked notes due Aug. 1, 2022 linked to the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

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

The notes will be called at par plus an annualized call premium of 8.25% if each index closes at or above its initial level on the call observation dates of July 24, 2018, July 24, 2019, July 24, 2020 and July 26, 2021.

If the notes are not called and the return of each index is positive, the payout at maturity will be par plus the 41.25% maturity premium.

If any index finishes at or below its initial level but all indexes finish at or above 70% of their initial levels, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.

Goldman Sachs & Co. is the agent.

The notes will price July 24 and settle on July 27.

The Cusip number is 40054LL69.


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