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Published on 7/5/2017 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $1 million buffered digital notes linked to Euro Stoxx

By Marisa Wong

Morgantown, W.Va., July 5 – GS Finance Corp. priced $1 million of 0% buffered digital notes due Jan. 2, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is zero or positive, the payout at maturity will be par plus 8.5%. Investors will receive par if the index falls by up to 20% and lose 1% for every 1% decline in the index beyond 20%.

Goldman, Sachs & Co. is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Buffered digital notes
Underlying index:Euro Stoxx 50 index
Amount:$1 million
Maturity:Jan. 2, 2019
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 8.5%; par if index falls by up to 20%; 1% loss for every 1% decline in index beyond 20%
Initial index level:3,561.76
Pricing date:June 26
Settlement date:June 29
Underwriter:Goldman, Sachs & Co.
Fees:1.4%
Cusip:40054LG81

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