New Issue: GS Finance sells $2.7 million leveraged buffered notes on Stoxx Europe

By Marisa Wong

Morgantown, W.Va., March 20 – GS Finance Corp. priced $2.7 million of 0% leveraged buffered notes due April 11, 2018 linked to the Stoxx Europe 600 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 1.5 times the index gain, with the return capped at 14.5%. If the index falls by up to 10%, the payout will be par. Otherwise, investors will lose 1.1111% for every 1% decline 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 notes
Underlying index:	Stoxx Europe 600
Amount:	$2,695,000
Maturity:	April 11, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the index return is positive, par plus 1.5 times the index gain, with the return capped at 14.5%; if the index falls by up to 10%, par; otherwise, 1.1111% loss for every 1% decline beyond 10%
Initial index level:	373.23
Final level:	Average of index closing levels on the five trading days ending April 6, 2018
Pricing date:	March 10
Settlement date:	March 15
Underwriter:	Goldman, Sachs & Co. with JPMorgan as placement agent
Fees:	1.14%
Cusip:	40054KZP4

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