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Published on 3/6/2017 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $2.32 million trigger notes tied to Stoxx Europe 600

By Marisa Wong

Morgantown, W.Va., March 6 – GS Finance Corp. priced $2.32 million of 0% trigger notes due May 31, 2018 linked to the Stoxx Europe 600 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 85% of the initial level, the payout at maturity will be par plus 9.65%.

If the index finishes below 85% of the initial level, investors will lose 1% for each 1% decline below the initial level.

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

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Trigger notes
Underlying index:Stoxx Europe 600
Amount:$2,317,000
Maturity:May 31, 2018
Coupon:0%
Price:Par of $1,000
Payout at maturity:If the index finishes at or above 85% trigger level, par plus 9.65%; otherwise, investors will lose 1% for each 1% decline below the initial level
Initial index level:370.01
Final level:Average of index closing levels on the five trading days ending May 25, 2018
Pricing date:Feb. 24
Settlement date:March 1
Underwriter:Goldman, Sachs & Co. with JPMorgan as placement agent
Fees:1.22%
Cusip:40054KXF8

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