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

New Issue: GS Finance prices $2.09 million capped trigger gears linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., June 6 – GS Finance Corp. priced $2.09 million of 0% capped trigger gears due May 31, 2019 linked to the Euro Stoxx 50 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 greater than zero, the payout at maturity will be par of $10 plus two times the index return, subject to a maximum return of 49%. Investors will receive par if the index declines by 30% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 30%.

Goldman Sachs & Co. is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Capped trigger gears
Underlying index:Euro Stoxx 50
Amount:$2,088,200
Maturity:May 31, 2019
Coupon:0%
Price:Par of $10
Payout at maturity:If index return is greater than zero, par plus two times index return, up to 49% maximum return; par if index declines by 30% or less; full exposure to index’s decline from initial level if index declines by more than 30%
Initial index level:3,071.21
Downside threshold:2,149.85, 70% of initial level
Pricing date:May 26
Settlement date:May 31
Agent:Goldman Sachs & Co.
Fees:2.75%
Cusip:36250E860

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