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Published on 4/25/2018 in the Prospect News Structured Products Daily.

GS Finance to price trigger autocallables on Euro Stoxx 50 index

New York, April 25 – GS Finance Corp. plans to price 0% trigger autocallable notes due April 28, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

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

Starting April 26, 2019, the notes will be automatically called at par plus a premium of 9% annualized if the index closes at or above its initial level on a quarterly call observation date.

At maturity, the payout will be par of $10 plus the maximum call return of 45% if the index finishes at or above its initial level.

If the index declines but finishes at or above its downside threshold of 53% to 58% the payout will be par. The exact downside threshold will be set at pricing.

Otherwise the notes will give full exposure to the index decline.

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

The notes will price on April 26 and settle on April 30.

The Cusip number is 36254G499.


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