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Published on 4/19/2017 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $440,000 trigger notes due 2018 linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, April 19 – GS Finance Corp. priced $440,000 of 0% trigger notes due Oct. 16, 2018 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 final index level is greater than or equal to 85% of the initial index level, the payout at maturity will be par plus the greater of zero and the index return. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level.

Goldman Sachs & Co. is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Trigger notes
Underlying index:S&P 500
Amount:$440,000
Maturity:Oct. 16, 2018
Coupon:0%
Price:Par
Payout at maturity:If final index level is greater than or equal to 85% of initial index level, par plus greater of zero and index return; otherwise, 1% loss for every 1% that final index level is less than initial index level
Initial index level:2,328.95
Pricing date:April 13
Settlement date:April 19
Underwriter:Goldman Sachs & Co.
Fees:1.35%
Cusip:40054L6Q2

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