New Issue: GS Finance sells $1.5 million trigger notes on SPDR S&P Oil & Gas Exploration & Production ETF

By Wendy Van Sickle

Columbus, Ohio, May 16 – GS Finance Corp. priced $1.5 million of 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 Goldman Sachs Group, Inc.

If the fund finishes at or above 77.5% of the initial level, the payout at maturity will be par plus 10%.

If the fund finishes below 77.5% of the initial level, investors will lose 1% for each 1% decline below the initial level.

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

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Trigger notes
Underlying fund:	SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$1.5 million
Maturity:	May 31, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the fund finishes at or above 77.5% of initial level, par plus 10%; otherwise, investors will lose 1% for each 1% decline below the initial level
Initial price:	$35.29
Final level:	Average of closing share prices on the five trading days ending May 25, 2018
Pricing date:	May 12
Settlement date:	May 17
Underwriter:	Goldman, Sachs & Co. with JPMorgan as placement agent
Fees:	1.1%
Cusip:	40054LCE2

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