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Published on 9/3/2015 in the Prospect News Structured Products Daily.

New Issue: Goldman Sachs prices $5 million leveraged buffered notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., Sept. 3 – Goldman Sachs Group, Inc. priced $5 million of 0% leveraged buffered notes due Sept. 29, 2017 linked to Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum settlement amount of $1,273 per $1,000 principal amount of notes. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.

Goldman Sachs & Co. is the underwriter.

Issuer:Goldman Sachs Group, Inc.
Issue:Leveraged buffered notes
Underlying index:Russell 2000
Amount:$5 million
Maturity:Sept. 29, 2017
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 1.5 times index return, up to 27.3% maximum return; par if index declines by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
Initial index level:1,159.455
Pricing date:Aug. 31
Settlement date:Sept. 8
Underwriter:Goldman Sachs & Co.
Fees:1.555%
Cusip:38148TDG1

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