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Published on 1/9/2017 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $17.13 million trigger notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Jan. 9 – GS Finance Corp. priced $17.13 million of 0% trigger notes due July 11, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the final index level is greater than or equal to 80.75% of the initial index level, the payout at maturity will be par plus the greater of the index return and zero. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level.

Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as placement agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Trigger notes
Underlying index:S&P 500
Amount:$17,127,000
Maturity:July 11, 2018
Coupon:0%
Price:Par
Payout at maturity:If final index level is greater than or equal to 80.75% of initial index level, par plus greater of index return and zero; otherwise, 1% loss for every 1% that final index level is less than initial index level
Initial index level:2,276.98
Pricing date:Jan .6
Settlement date:Jan. 11
Underwriter:Goldman Sachs & Co.
Placement agent:J.P. Morgan Securities LLC
Fees:1.4%
Cusip:40054KTS5

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