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Published on 3/13/2018 in the Prospect News Structured Products Daily.

GS Finance plans buffered digital notes linked to SPDR S&P Bank ETF

New York, March 13 – GS Finance Corp. plans to price 0% buffered digital notes due in 13 to 15 months linked to the SPDR S&P Bank exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If the index return is zero or positive, the payout at maturity will be the maximum settlement amount of between $1,104.60 and $1,123.00 per $1,000 principal amount of notes. The exact digital payment will be set at pricing.

If the index return is negative but not below negative 10%, the payout will be par. If the index return is below negative 10%, investors will lose 1% for every 1% that the index declines beyond 10%.

Goldman Sachs & Co. LLC is the underwriter.


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