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Published on 12/30/2016 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $255,000 digital notes due 2019 on Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Dec. 30 – GS Finance Corp. priced $255,000 of 0% digital notes due Jan. 2, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If the index return is greater than or equal to negative 10%, the payout at maturity will be the maximum settlement amount of $1,125 per $1,000 of notes. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.

Goldman Sachs & Co. is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Digital notes
Underlying index:Russell 2000
Amount:$255,000
Maturity:Jan. 2, 2019
Coupon:0%
Price:Par of $10
Payout at maturity:If index return is greater than or equal to negative 10%, par plus 12.5%; otherwise, 1% loss for each 1% decline beyond 10%
Initial index level:1,377.707
Pricing date:Dec. 27
Settlement date:Dec. 30
Underwriter:Goldman, Sachs & Co.
Fees:2.925%
Cusip:40054KRV0

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