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Published on 9/8/2016 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $2.75 million 5.15% notes linked to index, ETF

By Wendy Van Sickle

Columbus, Ohio, Sept. 8 – GS Finance Corp. priced $2.75 million of 5.15% underlier-linked notes due Oct. 19, 2017 linked to the iShares MSCI EAFE exchange-traded fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

Interest is payable monthly.

The payout at maturity will be par plus the final coupon, unless either asset declines by more than 20%, in which case investors will lose 1.25% for each 1% decline beyond 20% of the lesser performing asset.

Goldman, Sachs & Co. is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Underlier-linked notes
Underlying assets:Russell 2000 index, iShares MSCI EAFE ETF
Amount:$2.75 million
Maturity:Oct. 19, 2017
Coupon:5.15%, payable monthly
Price:Par
Payout at maturity:Par plus final coupon, unless either asset falls by more than 20%, in which case 1.25% loss for each 1% loss of lesser performing asset beyond 20%
Initial levels:1,251.831 for index; $59.43 for ETF
Pricing date:Sept. 6
Settlement date:Sept. 9
Underwriter:Goldman, Sachs & Co.
Fees:0.1%
Cusip:40054KK47

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