New Issue: Goldman prices $3.7 million trigger return optimization notes linked to S&P MidCap 400

By Jennifer Chiou

New York, Nov. 26 – Goldman Sachs Group, Inc. priced $3,702,500 of 0% trigger return optimization securities due Nov. 30, 2017 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 150% of the index return, subject to a maximum return of 35.55%.

If the index return is zero or negative and the final index level is greater than or equal to the trigger level, 80% of the initial index level, the payout will be par.

If the final index level is less than the trigger level, investors will have full exposure to the index’s decline.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Trigger return optimization securities
Underlying index:	S&P MidCap 400
Amount:	$3,702,500
Maturity:	Nov. 30, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 150% of index return, subject to maximum return of 35.55%; if index return is zero or negative and final index level is greater than or equal to trigger level, par; if final index level is less than trigger level, full exposure to index’s decline
Initial index level:	1,453.92
Trigger level:	1,163.14, 80% of initial level
Pricing date:	Nov. 24
Settlement date:	Nov. 28
Underwriter:	Goldman Sachs & Co.
Fees:	2.75%
Cusip:	38148K322

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