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Published on 10/6/2014 in the Prospect News Structured Products Daily.

New Issue: Goldman Sachs prices $1.5 million notes linked to Russell 2000

By Marisa Wong

Madison, Wis., Oct. 6 – Goldman Sachs Group, Inc. priced $1.5 million of 0% index-linked notes due Jan. 4, 2017 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than 25%, the payout at maturity will be par of $1,000.

If the index return is less than or equal to 25% but greater than or equal to negative 15%, the payout will be the maximum settlement amount of $1,209.

If the index return is less than negative 15%, investors will lose 1.1765% for every 1% decline beyond 15%.

Goldman, Sachs & Co. is the underwriter.

Issuer:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying index:Russell 2000 index
Amount:$1.5 million
Maturity:Jan. 4, 2017
Coupon:0%
Price:Par of $1,000
Payout at maturity:If index return is greater than 25%, par; if index return is less than or equal to 25% but greater than or equal to negative 15%, $1,209; otherwise, investors will lose 1.1765% for every 1% decline beyond 15%
Initial index level:1,116.86
Pricing date:Sept. 29
Settlement date:Oct. 6
Underwriter:Goldman, Sachs & Co.
Fees:1.675%
Cusip:38148F596

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