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Published on 10/12/2017 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $5.87 million 5.05% notes on Russell 2000, MSCI EAFE

By Marisa Wong

Morgantown, W.Va., Oct. 12 – GS Finance Corp. priced $5.87 million of fixed-coupon notes due Feb. 7, 2019 linked to the lesser performing of the Russell 2000 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

Each month, the notes pay a fixed coupon of $4.2083 per $1,000 principal amount.

The payout at maturity will be par unless either index falls by more than 17.5%, in which case investors will lose 1.2121% for every 1% decline of the lesser performing index beyond 17.5%.

Goldman, Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Fixed-coupon notes
Underlying indexes:Russell 2000, MSCI EAFE
Amount:$5.87 million
Maturity:Feb. 7, 2019
Coupon:Monthly coupon of $4.2083 per $1,000 principal amount (about 5.05% per year)
Price:Par
Payout at maturity:Par unless either index falls by more than 17.5%, in which case 1.2121% loss for every 1% decline of the lesser performing index beyond 17.5%
Initial levels:1,511.967 for Russell, 1,977.90 for MSCI EAFE
Pricing date:Oct. 3
Settlement date:Oct. 6
Agent:Goldman, Sachs & Co. LLC
Fees:0.1%
Cusip:40054LWD2

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