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Published on 11/9/2015 in the Prospect News Structured Products Daily.

New Issue: Goldman Sachs prices $768,000 digital notes linked to Russell 2000

By Marisa Wong

Morgantown, W.Va., Nov. 9 – Goldman Sachs Group, Inc. priced $768,000 of 0% digital notes due Nov. 1, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 15%, the payout at maturity will be $1,160 per $1,000 principal amount of notes. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

Goldman Sachs & Co. is the underwriter.

Issuer:Goldman Sachs Group, Inc.
Issue:Digital notes
Underlying index:Russell 2000
Amount:$768,000
Maturity:Nov. 1, 2018
Coupon:0%
Price:Par
Payout at maturity:If index return is greater than or equal to negative 15%, $1,160 per $1,000 principal amount of notes; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial index level:1,178.716
Pricing date:Oct. 28
Settlement date:Oct. 30
Underwriter:Goldman Sachs & Co.
Fees:3.65%
Cusip:38148TFX2

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