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Published on 4/5/2017 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $28.06 million digital notes linked to Russell 2000

By Marisa Wong

Morgantown, W.Va., April 5 – GS Finance Corp. priced $28.06 million of 0% digital notes due April 4, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is at least negative 15%, the payout at maturity will be the threshold settlement amount of $1,120.50 per $1,000 of notes. Investors will lose 1.1765% for each 1% decline beyond 15%.

Goldman Sachs & Co. is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Digital notes
Underlying index:Russell 2000
Amount:$28,055,000
Maturity:April 4, 2019
Coupon:0%
Price:Par of $1,000
Payout at maturity:If the index return at least negative 15%, par plus 12.05%; 1.1765% loss for each 1% decline beyond 15%
Initial level:1,369.668
Pricing date:April 3
Settlement date:April 10
Agent:Goldman Sachs & Co.
Fees:1.35%
Cusip:40054KZH2

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