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Published on 8/9/2011 in the Prospect News Structured Products Daily.

New Issue: Goldman prices $1.65 million trigger notes linked to YUM! Brands

By Jennifer Chiou

New York, Aug. 9 - Goldman Sachs Group, Inc. priced $1.65 million of 0% equity-linked trigger notes due Feb. 8, 2013 linked to the common stock of YUM! Brands, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

A trigger event occurs if the stock closes below 80% of its initial price on any day during the life of the notes.

If a trigger event occurs, the payout at maturity will be par plus the stock return, whether it is positive or negative. If a trigger event does not occur, the payout will be par plus the greater of the stock return and 5%.

Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as placement agent.

Issuer:Goldman Sachs Group, Inc.
Issue:Equity-linked trigger notes
Underlying stock:YUM! Brands, Inc. (NYSE: YUM)
Amount:$1.65 million
Maturity:Feb. 8, 2013
Coupon:0%
Price:Variable prices
Payout at maturity:If stock closes below 80% of initial price on any day during life of notes, par plus stock return; otherwise, par plus greater of stock return and 5%
Initial share price:$50.71
Pricing date:Aug. 5
Settlement date:Aug. 10
Managers:J.P. Morgan Securities LLC (placement agent), Goldman Sachs & Co. (underwriter)
Fees:1.35%
Cusip:38143UXK2

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