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Published on 5/14/2015 in the Prospect News Structured Products Daily.

New Issue: Goldman Sachs prices $1.17 million leveraged buffered notes on S&P 500

By Marisa Wong

Madison, Wis., May 14 – Goldman Sachs Group, Inc. priced $1.17 million of 0% leveraged buffered index-linked notes due May 17, 2018 tied to the S&P 500 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 101% of the index return. Investors will receive par if the index falls by up to 10% and lose 1.1111% for every 1% decline in the index beyond 10%.

Goldman, Sachs & Co. is the underwriter.

Issuer:Goldman Sachs Group, Inc.
Issue:Leveraged buffered index-linked notes
Underlying index:S&P 500 index
Amount:$1,165,000
Maturity:May 17, 2018
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 101% of the index return; par if index falls by up to 10%; 1.1111% loss for every 1% decline in index beyond 10%
Initial index level:2,099.12
Pricing date:May 12
Settlement date:May 19
Underwriter:Goldman, Sachs & Co.
Fees:2.425%
Cusip:38148W433

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