"I wanted to get all golds in my events, but you know it didn't happen," Lochte said. "I'm going to have to live with that and move on and learn from it. Try not to make the same mistakes in the next four years."
"For the most part," he said, "I'm pretty satisfied."
The last chapter of the spirited rivalry between Phelps and Lochte overshadowed Rebecca Soni's successful defense of her 200 breaststroke title.
The American set her second world record in as many days with a time of 2:19.59, breaking her own mark of 2:20.00 set in the semifinals.
Japan's Satomi Suzuki took silver in 2:20.72, while Russia's Yulia Efimova claimed bronze in 2:20.92.
"It's been my goal since I was a little kid to go under 2:20," Soni said. "That's when my coach told me you're going to be the first woman to go under 2:19. I've been chasing it ever since. I'm just so happy."
Ranomi Kromowidjojo carried on the Dutch sprint tradition with a win in the 100 freestyle in an Olympic-record 53.00. Aliaksandra Herasimenia of Belarus claimed the silver in 53.38, while the bronze went to China's Tang Yi in 53.44.
Franklin was last at the turn and finished fifth, two-tenths out of a medal. The other U.S. swimmer, Jessica Hardy, finished last in the eight-woman field.
Clary won the 200 back in an Olympic-record 1:53.41. Japan's Ryosuke Irie took silver in 1:53.78. Lochte finished in 1:53.94.
"You always have big dreams in your head that you think you might be able to pull off something like that," Clary said. "The fact that it just came to fruition is something that hasn't even processed in my mind yet. The fact that I'm now an Olympic champion and Olympic-record holder is something that is very humbling. It's also very motivating for the next four years."
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