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Published on 3/1/2016 in the Prospect News Structured Products Daily.

GS Finance plans two-year leveraged notes on Dow Jones industrial average

By Wendy Van Sickle

Columbus, Ohio, March 1 – GS Finance Corp. plans to price 0% leveraged notes due March 25, 2019 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will equal 1.5 times the return, subject to a maximum settlement amount between $1,345 and $1,405 for each $1,000 principal amount. The exact maximum will be set at pricing.

If the index falls by up to 20%, the payout will be the absolute value of the return. If the index falls by more than 20%, investors will be fully exposed to the decline.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the agent.

The notes will price on March 18 and settle on March 28.

The Cusip number is 40054K4F0.


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