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Published on 11/20/2012 in the Prospect News Structured Products Daily.

New Issue: Goldman Sachs prices $2.9 million leveraged buffered notes on S&P 500

By Marisa Wong

Madison, Wis., Nov. 20 - Goldman Sachs Group, Inc. priced $2.9 million of 0% leveraged buffered index-linked notes due Dec. 4, 2013 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The final index level will be equal to the average of the index closing levels for the five trading dates ending Nov. 29, 2013.

If the index return is positive, the payout at maturity will be par plus 1.5 times the index gain, subject to a maximum payment of $1,109.50 per $1,000 principal amount. If the index falls by up 10%, the payout will be par. Investors will lose 1.1111% for every 1% decline beyond the 10% buffer.

Goldman, Sachs & Co. is the underwriter.

Issuer:Goldman Sachs Group, Inc.
Issue:Leveraged buffered index-linked notes
Underlying index:S&P 500
Amount:$2.9 million
Maturity:Dec. 4, 2013
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 150% of index return, subject to maximum payment of $1,109.50 per $1,000 principal amount; par if index falls by up to 10%; 1.1111% loss for every 1% drop beyond 10%
Initial index level:1,359.88
Final index level:Average of index closing levels for five trading dates ending Nov. 29, 2013
Pricing date:Nov. 16
Settlement date:Nov. 21
Underwriters:Goldman, Sachs & Co.
Fees:1.1%
Cusip:38141GJE5

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