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Published on 11/7/2018 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $307,000 leveraged notes linked to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Nov. 7 – GS Finance Corp. priced $307,000 of 0% leveraged index-linked notes due Oct. 29, 2021 tied to the S&P 500 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 140% of the index gain.

If the index finishes flat or falls, the payout will be par plus the index return, subject to a minimum payout of 95% of par.

Goldman, Sachs & Co. is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged index-linked notes
Underlying index:S&P 500
Amount:$307,000
Maturity:Oct. 29, 2021
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 1.4 times index gain; otherwise, par plus index return, subject to floor of 95% of par
Initial index level:3,134.89
Pricing date:Oct. 26
Settlement date:Oct. 31
Underwriter:Goldman, Sachs & Co.
Fees:3.425%
Cusip:40056E3E6

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