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Published on 9/28/2016 in the Prospect News Structured Products Daily.

Goldman plans one-year leveraged buffered notes tied to Stoxx Europe

By Susanna Moon

Chicago, Sept. 28 – GS Finance Corp. plans to price 0% leveraged buffered notes due Nov. 15, 2017 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus double any index gain, up to a maximum settlement amount of $1,142 for each $1,000 principal amount.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.

The notes will price on Sept. 30 and settle on Oct. 5.

The Cusip number is 40054KL20.


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