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Published on 12/4/2018 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $16.28 million capped gears on Vanguard FTSE Developed Markets

By Sarah Lizee

Olympia, Wash., Dec. 4 – GS Finance Corp. priced $16.28 million of 0% capped gears due Jan. 30, 2020 linked to the Vanguard FTSE Developed Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par of $10 plus triple any ETF gain, up to a maximum settlement amount of $11.87 per note.

Investors will lose 1% for each 1% ETF decline.

Goldman Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Capped gears
Underlying ETF:Vanguard FTSE Developed Markets ETF
Amount:$16,282,000
Maturity:Jan. 30, 2020
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 3 times any ETF gain, capped at $11.87 per note; full exposure to any ETF decline
Initial ETF price:$39.50
Pricing date:Nov. 27
Settlement date:Nov. 30
Underwriter:Goldman Sachs & Co. with UBS Financial Services Inc. as selling agent
Fees:2.1%
Cusip:36256M627

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