GS Finance plans to price trigger notes linked to SPDR oil & gas ETF

New York, May 9 – GS Finance Corp. plans to price 0% trigger notes due May 31, 2018 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by the Goldman Sachs Group, Inc.

If the ETF finishes at or above its 80% trigger level, the payout at maturity will be par plus the greater of zero and 1.5 times the ETF return, capped at par plus 23.25%.

Otherwise, investors will lose 1% for each 1% decline.

The final ETF level will be the average of its closing prices on May 21, 22, 23, 24 and 25 of 2018.

Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.

The notes will price on May 12 and settle on May 17.

The Cusip number is 40054LCF9.

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