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Published on 10/25/2016 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $583,000 index-linked notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Oct. 25 – GS Finance Corp. priced $583,000 of 0% notes due April 28, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the gain and the threshold settlement amount of $1,640.

If the index falls by up to 30%, the payout will be par. Otherwise, investors will be fully exposed to the decline.

Goldman, Sachs & Co. is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying index:S&P 500
Amount:$583,000
Maturity:April 28, 2023
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above initial level, par plus greater of index gain and threshold settlement amount of $1,640; par if index falls by up to 30%; full exposure to any index decline if index falls by more than 30%
Initial index level:2,141.16
Pricing date:Oct. 21
Settlement date:Oct. 28
Underwriter:Goldman, Sachs & Co.
Fees:3.625%
Cusip:40054KMC7

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