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Published on 3/5/2018 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $5.52 million leveraged buffered notes on Euro Stoxx

By Marisa Wong

Morgantown, W.Va., March 5 – GS Finance Corp. priced $5.52 million of 0% leveraged buffered index-linked notes due July 2, 2019 tied to the Euro Stoxx 50 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 positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum payment of $1,374 per $1,000 principal amount. 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 with JPMorgan as placement agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged buffered index-linked notes
Underlying index:Euro Stoxx 50
Amount:$5.52 million
Maturity:July 2, 2019
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 200% of index return, subject to maximum payment of $1,374 per $1,000 principal amount; par if index falls by up to 10%; 1.1111% loss for every 1% decline in index beyond 10%
Initial index level:3,441.46
Final level:Average of closing levels on five trading days ending June 27, 2019
Pricing date:Feb. 23
Settlement date:Feb. 28
Underwriter:Goldman, Sachs & Co. LLC with JPMorgan as placement agent
Fees:1.26%
Cusip:40055AN45

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