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Published on 6/14/2017 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $4.58 million leveraged notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., June 14 – GS Finance Corp. priced $4.58 million of 0% leveraged index-linked notes due Dec. 6, 2018 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The note are guaranteed by Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum payment of $1,171 per $1,000 principal amount. Investors will be exposed to any losses.

Goldman, Sachs & Co. is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged index-linked notes
Underlying index:S&P 500
Amount:$4,575,000
Maturity:Dec. 6, 2018
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 300% of the index return, subject to maximum payment of $1,171 per $1,000 principal amount; exposure to losses
Initial index level:2,439.07
Pricing date:June 2
Settlement date:June 9
Underwriters:Goldman, Sachs & Co.
Fees:1.1%
Cusip:40054LFG4

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