Bond Goldman Sachs 4% ( US38150A5X97 ) in USD

Issuer Goldman Sachs
Market price refresh price now   101.35 %  ⇌ 
Country  United States
ISIN code  US38150A5X97 ( in USD )
Interest rate 4% per year ( payment 2 times a year)
Maturity 28/02/2033



Prospectus brochure of the bond Goldman Sachs US38150A5X97 en USD 4%, maturity 28/02/2033


Minimal amount 1 000 USD
Total amount 1 500 000 USD
Cusip 38150A5X9
Standard & Poor's ( S&P ) rating N/A
Moody's rating A2 ( Upper medium grade - Investment-grade )
Next Coupon 28/02/2025 ( In 5 days )
Detailed description Goldman Sachs is a leading global investment banking, securities, and investment management firm that provides a wide range of financial services to corporations, governments, and high-net-worth individuals.

The Bond issued by Goldman Sachs ( United States ) , in USD, with the ISIN code US38150A5X97, pays a coupon of 4% per year.
The coupons are paid 2 times per year and the Bond maturity is 28/02/2033

The Bond issued by Goldman Sachs ( United States ) , in USD, with the ISIN code US38150A5X97, was rated A2 ( Upper medium grade - Investment-grade ) by Moody's credit rating agency.







Pricing Supplement No. 97 dated February 26, 2018
424B2 1 d502839d424b2.htm PRICING SUPPLEMENT NO. 97 DATED FEBRUARY 26, 2018
Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-219206



$1,500,000

T he Goldm a n Sa c hs Group, I nc .

Callable Fixed Rate Notes due 2033




We will pay you interest semi-annually on your notes at a rate of 4.00% per annum from and including February 28, 2018 to
but excluding the stated maturity date (February 28, 2033). Interest will be paid on each February 28 and August 28. The first such
payment will be made on August 28, 2018.
I n a ddit ion, w e m a y re de e m t he not e s a t our opt ion, in w hole but not in pa rt , on e a c h Fe brua ry 2 8 ,
M a y 2 8 , August 2 8 a nd N ove m be r 2 8 on or a ft e r Fe brua ry 2 8 , 2 0 2 1 , upon a t le a st five busine ss da ys' prior
not ic e , a t a re de m pt ion pric e e qua l t o 1 0 0 % of t he out st a nding princ ipa l a m ount plus a c c rue d a nd unpa id
int e re st t o but e x c luding t he re de m pt ion da t e .





Per Note
Total
Initial price to public


100%
$
1,500,000
Underwriting discount


2.067%
$
31,005
Proceeds, before expenses, to The Goldman Sachs Group, Inc.


97.933%
$
1,468,995


The initial price to public set forth above does not include accrued interest, if any. Interest on the notes will accrue from
February 28, 2018 and must be paid by the purchaser if the notes are delivered after February 28, 2018. In addition to offers and
sales at the initial price to public, the underwriters may offer the notes from time to time for sale in one or more transactions at
market prices prevailing at the time of sale, at prices related to market prices or at negotiated prices.
The return (whether positive or negative) on your investment in notes will depend in part on the issue price you pay for
such notes.
If interest rates increase, in most cases the market value of the notes will decrease and, if you sell the notes prior to
maturity, you will receive less than the principal amount of the notes.
N e it he r t he Se c urit ie s a nd Ex c ha nge Com m ission nor a ny ot he r re gula t ory body ha s a pprove d or
disa pprove d of t he se se c urit ie s or pa sse d upon t he a c c ura c y or a de qua c y of t his prospe c t us. Any
re pre se nt a t ion t o t he c ont ra ry is a c rim ina l offe nse .
T he not e s a re not ba nk de posit s a nd a re not insure d by t he Fe de ra l De posit I nsura nc e Corpora t ion or
a ny ot he r gove rnm e nt a l a ge nc y, nor a re t he y obliga t ions of, or gua ra nt e e d by, a ba nk .


Goldman Sachs may use this prospectus in the initial sale of the notes. In addition, Goldman Sachs & Co. LLC or any other
affiliate of Goldman Sachs may use this prospectus in a market-making transaction in the notes after their initial sale. Unless
Goldman Sachs or its agent informs the purchaser otherwise in the confirmation of sale, this prospectus is being used in a market-
making transaction.



Goldm a n Sa c hs & Co. LLC

I nc a pit a l LLC


Pricing Supplement No. 97 dated February 26, 2018.
Table of Contents
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Pricing Supplement No. 97 dated February 26, 2018
About Y our Prospe c t us
The notes are part of the Medium-Term Notes, Series N program of The Goldman Sachs Group, Inc. This prospectus includes this
pricing supplement and the accompanying documents listed below. This pricing supplement constitutes a supplement to the
documents listed below and should be read in conjunction with such documents:


· Prospectus supplement dated July 10, 2017


· Prospectus dated July 10, 2017
The information in this pricing supplement supersedes any conflicting information in the documents listed above. In addition, some
of the terms or features described in the listed documents may not apply to your notes.


PS-2
Table of Contents
SPECI FI C T ERM S OF T H E N OT ES


Please note that in this section entitled "Specific Terms of the Notes", references to "The Goldman Sachs Group,
Inc.", "we", "our" and "us" mean only The Goldman Sachs Group, Inc. and do not include any of its subsidiaries or
affiliates. Also, in this section, references to "holders" mean The Depository Trust Company (DTC) or its nominee and
not indirect owners who own beneficial interests in notes through participants in DTC. Please review the special
considerations that apply to indirect owners in the accompanying prospectus, under "Legal Ownership and Book-
Entry Issuance".

This pricing supplement no. 97 dated February 26, 2018 (pricing supplement) and the accompanying prospectus dated
July 10, 2017 (accompanying prospectus), relating to the notes, should be read together. Because the notes are part of a series of
our debt securities called Medium-Term Notes, Series N, this pricing supplement and the accompanying prospectus should also be
read with the accompanying prospectus supplement, dated July 10, 2017 (accompanying prospectus supplement). Terms used but
not defined in this pricing supplement have the meanings given them in the accompanying prospectus or accompanying prospectus
supplement, unless the context requires otherwise.
The notes are part of a separate series of our debt securities under our Medium-Term Notes, Series N program governed
by our Senior Debt Indenture, dated as of July 16, 2008, as amended, between us and The Bank of New York Mellon, as trustee.
This pricing supplement summarizes specific terms that will apply to your notes. The terms of the notes described here supplement
those described in the accompanying prospectus supplement and accompanying prospectus and, if the terms described here are
inconsistent with those described there, the terms described here are controlling.
T e rm s of t he Ca lla ble Fix e d Ra t e N ot e s due 2 0 3 3

I ssue r: The Goldman Sachs Group, Inc.
Re gula r re c ord da t e s: for interest due on an interest
payment date, the day immediately prior to the day on which
Princ ipa l a m ount : $1,500,000
payment is to be made (as such payment day may be adjusted
Spe c ifie d c urre nc y: U.S. dollars ($)
under the applicable business day convention specified below)
T ype of N ot e s: Fixed rate notes (notes)
Da y c ount c onve nt ion: 30/360 (ISDA), as further discussed
under "Additional Information About the Notes -- Day Count
De nom ina t ions: $1,000 and integral multiples of $1,000 in
Convention" on page PS-5 of this pricing supplement
excess thereof
Busine ss da y: New York
T ra de da t e : February 26, 2018
Busine ss da y c onve nt ion: following unadjusted
Origina l issue da t e : February 28, 2018
Re de m pt ion a t opt ion of issue r be fore st a t e d
St a t e d m a t urit y da t e : February 28, 2033
m a t urit y: We may redeem the notes at our option, in whole
I nt e re st ra t e : 4.00% per annum
but not in part, on each February 28, May 28, August 28 and
November 28 on or after February 28, 2021, upon at least five
Supple m e nt a l disc ussion of U .S. fe de ra l inc om e t a x
business days' prior notice, at a redemption price equal to 100%
c onse que nc e s: It is the opinion of Sidley Austin LLP that
of the outstanding principal amount plus accrued and unpaid
interest on a note will be taxable to a U.S. holder as ordinary
interest to but excluding the redemption date
interest income at the time it accrues or is received in
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Pricing Supplement No. 97 dated February 26, 2018
accordance with the U.S. holder's normal method of accounting
Lim it e d e ve nt s of de fa ult : The only events of default for the
for tax purposes (regardless of whether we call the notes).
notes are (i) interest or principal payment defaults that continue
Upon the disposition of a note by sale, exchange, redemption
for 30 days and (ii) certain insolvency events. No other breach or
or retirement (i.e., if we exercise our right to call the notes or
default under our senior debt indenture or the notes will result in
otherwise) or other disposition, a U.S. holder will generally
an event of default for the notes or permit the trustee or holders
recognize capital gain or loss equal to the difference, if any,
to accelerate the maturity of any debt securities ­ that is, they
between (i) the amount realized on the disposition (other than
will not be entitled to declare the principal
amounts attributable to accrued but unpaid interest, which
would be treated as such) and (ii) the U.S. holder's adjusted
tax basis in the note.
I nt e re st pa ym e nt da t e s: February 28 and August 28 of
each year, commencing on August 28, 2018 and ending on the
stated maturity date


PS-3
Table of Contents
amount of any notes to be immediately due and payable. See
·
covenant defeasance -- i.e., our right to be relieved of
"Risks Relating to Regulatory Resolution Strategies and Long-

specified provisions of the note by placing funds in trust
Term Debt Requirements" and "Description of Debt Securities
for the holder: yes
We May Offer -- Default, Remedies and Waiver of Default --
Securities Issued on or After January 1, 2017 under the 2008
FDI C: The notes are not bank deposits and are not insured by
Indenture" in the accompanying prospectus for further details.
the Federal Deposit Insurance Corporation or any other
governmental agency, nor are they obligations of, or guaranteed
List ing: None
by, a bank
ERI SA: as described under "Employee Retirement Income
Ca lc ula t ion Age nt : Goldman Sachs & Co. LLC
Security Act" on page 119 of the accompanying prospectus
Fore ign Ac c ount T a x Com plia nc e Ac t (FAT CA)
Wit hholding M a y Apply t o Pa ym e nt s on Y our N ot e s,
CU SI P no.: 38150A5X9
I nc luding a s a Re sult of t he Fa ilure of t he Ba nk or
I SI N no.: US38150A5X97
Brok e r T hrough Whic h Y ou H old t he N ot e s t o Provide
I nform a t ion t o T a x Aut horit ie s:
Form of not e s: Your notes will be issued in book-entry form
Please see the discussion under "United States Taxation --
and represented by a master global note. You should read the
Taxation of Debt Securities -- Foreign Account Tax Compliance
section "Legal Ownership and Book-Entry Issuance" in the
Act (FATCA) Withholding" in the accompanying prospectus for a
accompanying prospectus for more information about notes
description of the applicability of FATCA to payments made on
issued in book-entry form
your notes.
De fe a sa nc e a pplie s a s follow s:

·
full defeasance -- i.e., our right to be relieved of all our

obligations on the note by placing funds in trust for the
holder: yes


PS-4
Table of Contents
ADDI T I ON AL I N FORM AT I ON ABOU T T H E N OT ES
Book-Entry System
We will issue the notes as a master global note registered in the name of DTC, or its nominee. The sale of the notes will
settle in immediately available funds through DTC. You will not be permitted to withdraw the notes from DTC except in the limited
situations described in the accompanying prospectus under "Legal Ownership and Book-Entry Issuance -- What Is a Global
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Pricing Supplement No. 97 dated February 26, 2018
Security? -- Holder's Option to Obtain a Non-Global Security; Special Situations When a Global Security Will Be Terminated".
Investors may hold interests in a master global note through organizations that participate, directly or indirectly, in the DTC system.
In addition to this pricing supplement, the following provisions are hereby incorporated into the global master note: the
description of New York business day appearing under "Description of Debt Securities We May Offer -- Calculations of Interest on
Debt Securities -- Business Days" in the accompanying prospectus, the description of the following unadjusted business day
convention appearing under "Description of Debt Securities We May Offer -- Calculations of Interest on Debt Securities -- Business
Day Conventions" in the accompanying prospectus and the section "Description of Debt Securities We May Offer -- Defeasance and
Covenant Defeasance" in the accompanying prospectus.
Day Count Convention
As further described under "Description of Debt Securities We May Offer ­ Calculations of Interest on Debt Securities ­
Interest Rates and Interest" in the accompanying prospectus, for each interest period the amount of accrued interest will be
calculated by multiplying the principal amount of the note by an accrued interest factor for the interest period. The accrued interest
factor will be determined by multiplying the per annum interest rate by a factor resulting from the 30/360 (ISDA) day count
convention. The factor is the number of days in the interest period in respect of which payment is being made divided by 360,
calculated on a formula basis as follows:

[360 × (Y2 ­ Y1)] + [30 × (M2 ­ M1)] + (D2 ­D 1)





360

w he re :
"Y1" is the year, expressed as a number, in which the first day of the interest period falls;
"Y2" is the year, expressed as a number, in which the day immediately following the last day included in the interest period
falls;
"M1" is the calendar month, expressed as a number, in which the first day of the interest period falls;
"M2" is the calendar month, expressed as a number, in which the day immediately following the last day included in the
interest period falls;
"D1" is the first calendar day, expressed as a number, of the interest period, unless such number would be 31, in which
case D1 will be 30; and
"D2" is the calendar day, expressed as a number, immediately following the last day included in the interest period, unless
such number would be 31 and D1 is greater than 29, in which case D2 will be 30.
When We Can Redeem the Notes
We will be permitted to redeem the notes at our option before their stated maturity, as described below. The notes will not
be entitled to the benefit of any sinking fund ­ that is, we will not deposit money on a regular basis into any separate custodial
account to repay your note. In addition, you will not be entitled to require us to buy your note from you before its stated maturity.
We will have the right to redeem the notes at our option, in whole but not in part, on each February 28, May 28, August 28
and November 28 on or after February 28, 2021, at a redemption price equal to 100% of the outstanding principal amount plus
accrued and unpaid interest to but excluding the redemption date. We will

PS-5
Table of Contents
provide not less than five business days' prior notice in the manner described under "Description of Debt Securities We May Offer --
Notices" in the attached prospectus. If the redemption notice is given and funds deposited as required, then interest will cease to
accrue on and after the redemption date on the notes. If any redemption date is not a business day, we will pay the redemption
price on the next business day without any interest or other payment due to the delay.
What are the Tax Consequences of the Notes
You should carefully consider, among other things, the matters set forth under "United States Taxation" in the
accompanying prospectus supplement and the accompanying prospectus. The following discussion summarizes certain of the
material U.S. federal income tax consequences of the purchase, beneficial ownership, and disposition of each of the notes. This
summary supplements the section "United States Taxation" in the accompanying prospectus supplement and the accompanying
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Pricing Supplement No. 97 dated February 26, 2018
prospectus and is subject to the limitations and exceptions set forth therein.
Interest on a note will be taxable to a U.S. holder as ordinary interest income at the time it accrues or is received in
accordance with the U.S. holder's normal method of accounting for tax purposes.
Upon the disposition of a note by sale, exchange, redemption or retirement (i.e., if we exercise our right to call the notes or
otherwise) or other disposition, a U.S. holder will generally recognize capital gain or loss equal to the difference, if any, between
(i) the amount realized on the disposition (other than amounts attributable to accrued but unpaid interest, which would be treated as
such) and (ii) the U.S. holder's adjusted tax basis in the note. A U.S. holder's adjusted tax basis in a note generally will equal the
cost of the note (net of accrued interest) to the U.S. holder. The deductibility of capital losses is subject to significant limitations.
Foreign Account Tax Compliance Act (FATCA) Withholding. Pursuant to Treasury regulations, Foreign Account Tax
Compliance Act (FATCA) withholding (as described in "United States Taxation -- Taxation of Debt Securities -- Foreign Account Tax
Compliance Act (FATCA) Withholding" in the accompanying prospectus) will generally apply to obligations that are issued on or after
July 1, 2014; therefore, the notes will generally be subject to FATCA withholding. However, according to published guidance, the
withholding tax described above will not apply to payments of gross proceeds from the sale, exchange, redemption or other
disposition of the notes made before January 1, 2019.

PS-6
Table of Contents
SU PPLEM EN T AL PLAN OF DI ST RI BU T I ON
The Goldman Sachs Group, Inc. and the underwriters for this offering named below have entered into a distribution
agreement with respect to the notes. Subject to certain conditions, each underwriter named below has severally agreed to purchase
the principal amount of notes indicated in the following table.

Princ ipa l Am ount of
U nde rw rit e rs

N ot e s
Goldman Sachs & Co. LLC
$750,000
Incapital LLC
750,000


Total
$1,500,000


Notes sold by the underwriters to the public will initially be offered at the initial price to public set forth on the cover of this
pricing supplement. The underwriters intend to purchase the notes from The Goldman Sachs Group, Inc. at a purchase price equal to
the initial price to public less a discount of 2.067% of the principal amount of the notes. Any notes sold by the underwriters to
securities dealers may be sold at a discount from the initial price to public of up to 1.517% of the principal amount of the notes. If all
of the offered notes are not sold at the initial price to public, the underwriters may change the offering price and the other selling
terms. In addition to offers and sales at the initial price to public, the underwriters may offer the notes from time to time for sale in
one or more transactions at market prices prevailing at the time of sale, at prices related to market prices or at negotiated prices.
Please note that the information about the initial price to public and net proceeds to The Goldman Sachs Group, Inc. on the
front cover page relates only to the initial sale of the notes. If you have purchased a note in a market-making transaction by
Goldman Sachs & Co. LLC or any other affiliate of The Goldman Sachs Group, Inc. after the initial sale, information about the price
and date of sale to you will be provided in a separate confirmation of sale.
Each underwriter has represented and agreed that it will not offer or sell the notes in the United States or to United States
persons except if such offers or sales are made by or through FINRA member broker-dealers registered with the U.S. Securities and
Exchange Commission.
The Goldman Sachs Group, Inc. estimates that its share of the total offering expenses, excluding underwriting discounts and
commissions, whether paid to Goldman Sachs & Co. LLC or any other underwriter, will be approximately $15,000.
We will deliver the notes against payment therefor in New York, New York on February 28, 2018, which is the second
scheduled business day following the date of this pricing supplement and of the pricing of the notes.
The notes are a new issue of securities with no established trading market. The Goldman Sachs Group, Inc. has been
advised by Goldman Sachs & Co. LLC and Incapital LLC that they intend to make a market in the notes. Goldman Sachs & Co. LLC
and Incapital LLC are not obligated to do so and may discontinue market-making at any time without notice. No assurance can be
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Pricing Supplement No. 97 dated February 26, 2018
given as to the liquidity of the trading market for the notes.
The Goldman Sachs Group, Inc. has agreed to indemnify the several underwriters against certain liabilities, including
liabilities under the Securities Act of 1933.
Certain of the underwriters and their affiliates have in the past provided, and may in the future from time to time provide,
investment banking and general financing and banking services to The Goldman Sachs Group, Inc. and its affiliates, for which they
have in the past received, and may in the future receive, customary fees. The Goldman Sachs Group, Inc. and its affiliates have in
the past provided, and may in the future from time to time provide, similar services to the underwriters and their affiliates on
customary terms and for customary fees. Goldman Sachs & Co. LLC, one of the underwriters, is an affiliate of The Goldman Sachs
Group, Inc. Please see "Plan of Distribution--Conflicts of Interest" on page 118 of the accompanying prospectus.

PS-7
Table of Contents
From January 1, 2018, any notes which are the subject of the offering contemplated by this pricing supplement, the
accompanying prospectus and the accompanying prospectus supplement may not be offered, sold or otherwise made available to
any retail investor in the European Economic Area. Consequently no key information document required by Regulation (EU) No
1286/2014 (the "PRIIPs Regulation") for offering or selling the notes or otherwise making them available to retail investors in the EEA
has been prepared and therefore offering or selling the notes or otherwise making them available to any retail investor in the EEA
may be unlawful under the PRIIPS Regulation. For the purposes of this provision:


(a)
the expression "retail investor" means a person who is one (or more) of the following:


(i)
a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"); or

(ii)
a customer within the meaning of Directive 2002/92/EC (as amended, the "Insurance Mediation

Directive"), where that customer would not qualify as a professional client as defined in point (10) of
Article 4(1) of MiFID II; or


(iii)
not a qualified investor as defined in Directive 2003/71/EC (as amended, the "Prospectus Directive"); and
(b) the expression an "offer" includes the communication in any form and by any means of sufficient information on
the terms of the offer and the notes to be offered so as to enable an investor to decide to purchase or subscribe for the notes.
In relation to each Member State of the European Economic Area which has implemented the Prospectus Directive (each, a
"Relevant Member State"), the underwriters represent and agree that with effect from and including the date on which the Prospectus
Directive is implemented in that Relevant Member State (the "Relevant Implementation Date") it has not made and will not make an
offer of notes which are the subject of the offering contemplated by this pricing supplement, the accompanying prospectus and the
accompanying prospectus supplement to the public in that Relevant Member State except that, with effect from and including the
Relevant Implementation Date, an offer of such notes may be made to the public in that Relevant Member State:
a) at any time to any legal entity which is a qualified investor as defined in the Prospectus Directive;
b) at any time to fewer than 150 natural or legal persons (other than qualified investors as defined in the Prospectus
Directive), subject to obtaining the prior consent of the relevant dealer or dealers nominated by the issuer for any such offer; or
c) at any time in any other circumstances falling within Article 3(2) of the Prospectus Directive,
provided that no such offer of notes referred to above shall require us or any dealer to publish a prospectus pursuant to Article 3 of
the Prospectus Directive.
For the purposes of this provision, the expression an "offer of notes to the public" in relation to any notes in any Relevant
Member State means the communication in any form and by any means of sufficient information on the terms of the offer and the
notes to be offered so as to enable an investor to decide to purchase or subscribe for the notes, as the same may be varied in that
Member State by any measure implementing the Prospectus Directive in that Member State and the expression "Prospectus
Directive" means Directive 2003/71/EC (as amended, including by Directive 2010/73/EU), and includes any relevant implementing
measure in the Relevant Member State.
Any invitation or inducement to engage in investment activity (within the meaning of Section 21 of the FSMA) in connection with
the issue or sale of the notes may only be communicated or caused to be communicated in circumstances in which Section 21(1) of
the FSMA does not apply to The Goldman Sachs Group, Inc.
All applicable provisions of the FSMA must be complied with in respect to anything done by any person in relation to the notes
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Pricing Supplement No. 97 dated February 26, 2018
in, from or otherwise involving the United Kingdom.
The notes may not be offered or sold in Hong Kong by means of any document other than (i) to "professional investors" as
defined in the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong

PS-8
Table of Contents
Kong) and any rules made thereunder, or (ii) in other circumstances which do not result in the document being a "prospectus" as
defined in the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32 of the Laws of Hong Kong) or which do
not constitute an offer to the public within the meaning of that Ordinance; and no advertisement, invitation or document relating to
the notes may be issued or may be in the possession of any person for the purpose of issue (in each case whether in Hong Kong or
elsewhere) which is directed at, or the contents of which are likely to be accessed or read by, the public in Hong Kong (except if
permitted to do so under the securities laws of Hong Kong) other than with respect to the notes which are or are intended to be
disposed of only to persons outside Hong Kong or only to "professional investors" as defined in the Securities and Futures Ordinance
and any rules made thereunder.
This pricing supplement, along with the accompanying prospectus supplement and the accompanying prospectus have not
been registered as a prospectus with the Monetary Authority of Singapore. Accordingly, this pricing supplement, along with the
accompanying prospectus supplement and the accompanying prospectus and any other document or material in connection with the
offer or sale, or invitation for subscription or purchase, of the notes may not be circulated or distributed, nor may the notes be
offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in
Singapore other than (i) to an institutional investor (as defined in Section 4A of the Securities and Futures Act, Chapter 289 of
Singapore (the "SFA")) under Section 274 of the SFA, (ii) to a relevant person (as defined in Section 275(2) of the SFA) pursuant to
Section 275(1) of the SFA, or any person pursuant to Section 275(1A) of the SFA, and in accordance with the conditions specified in
Section 275 of the SFA or (iii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the
SFA, in each case subject to conditions set forth in the SFA.
Where the notes are subscribed or purchased under Section 275 of the SFA by a relevant person which is a corporation (which
is not an accredited investor (as defined in Section 4A of the SFA)) the sole business of which is to hold investments and the entire
share capital of which is owned by one or more individuals, each of whom is an accredited investor, the securities (as defined in
Section 239(1) of the SFA) of that corporation shall not be transferable for six months after that corporation has acquired the notes
under Section 275 of the SFA except: (1) to an institutional investor under Section 274 of the SFA or to a relevant person (as
defined in Section 275(2) of the SFA), (2) where such transfer arises from an offer in that corporation's securities pursuant to
Section 275(1A) of the SFA, (3) where no consideration is or will be given for the transfer, (4) where the transfer is by operation of
law, (5) as specified in Section 276(7) of the SFA, or (6) as specified in Regulation 32 of the Securities and Futures (Offers of
Investments) (Shares and Debentures) Regulations 2005 of Singapore ("Regulation 32").
Where the notes are subscribed or purchased under Section 275 of the SFA by a relevant person which is a trust (where the
trustee is not an accredited investor (as defined in Section 4A of the SFA)) whose sole purpose is to hold investments and each
beneficiary of the trust is an accredited investor, the beneficiaries' rights and interest (howsoever described) in that trust shall not be
transferable for six months after that trust has acquired the notes under Section 275 of the SFA except: (1) to an institutional investor
under Section 274 of the SFA or to a relevant person (as defined in Section 275(2) of the SFA), (2) where such transfer arises from
an offer that is made on terms that such rights or interest are acquired at a consideration of not less than S$200,000 (or its
equivalent in a foreign currency) for each transaction (whether such amount is to be paid for in cash or by exchange of securities or
other assets), (3) where no consideration is or will be given for the transfer, (4) where the transfer is by operation of law, (5) as
specified in Section 276(7) of the SFA, or (6) as specified in Regulation 32.
The notes have not been and will not be registered under the Financial Instruments and Exchange Act of Japan (Act No. 25 of
1948, as amended), or the FIEA. The notes may not be offered or sold, directly or indirectly, in Japan or to or for the benefit of any
resident of Japan (including any person resident in Japan or any corporation or other entity organized under the laws of Japan) or to
others for reoffering or resale, directly or indirectly, in Japan or to or for the benefit of any resident of Japan, except pursuant to an
exemption from the registration requirements of the FIEA and otherwise in compliance with any relevant laws and regulations of
Japan.
The notes are not offered, sold or advertised, directly or indirectly, in, into or from Switzerland on the basis of a public offering
and will not be listed on the SIX Swiss Exchange or any other offering or regulated trading facility in Switzerland. Accordingly, neither
this pricing supplement nor any accompanying prospectus

PS-9
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Pricing Supplement No. 97 dated February 26, 2018
Table of Contents
supplement, prospectus or other marketing material constitute a prospectus as defined in article 652a or article 1156 of the Swiss
Code of Obligations or a listing prospectus as defined in article 32 of the Listing Rules of the SIX Swiss Exchange or any other
regulated trading facility in Switzerland. Any resales of the notes by the underwriters thereof may only be undertaken on a private
basis to selected individual investors in compliance with Swiss law. This pricing supplement and accompanying prospectus and
prospectus supplement may not be copied, reproduced, distributed or passed on to others or otherwise made available in
Switzerland without our prior written consent. By accepting this pricing supplement and accompanying prospectus and prospectus
supplement or by subscribing to the notes, investors are deemed to have acknowledged and agreed to abide by these restrictions.
Investors are advised to consult with their financial, legal or tax advisers before investing in the notes.
CON FLI CT S OF I N T EREST
Goldman Sachs & Co. LLC is an affiliate of The Goldman Sachs Group, Inc. and, as such, will have a "conflict of interest"
in this offering of notes within the meaning of Financial Industry Regulatory Authority, Inc. (FINRA) Rule 5121. Consequently, this
offering of notes will be conducted in compliance with the provisions of FINRA Rule 5121. Goldman Sachs & Co. LLC will not be
permitted to sell notes in this offering to an account over which it exercises discretionary authority without the prior specific written
approval of the account holder.

PS-10
Table of Contents
V ALI DI T Y OF T H E N OT ES
In the opinion of Sidley Austin LLP, as counsel to The Goldman Sachs Group, Inc., when the notes offered by this pricing
supplement have been executed and issued by The Goldman Sachs Group, Inc. and authenticated by the trustee pursuant to the
indenture, and delivered against payment as contemplated herein, such notes will be valid and binding obligations of The Goldman
Sachs Group, Inc., enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency and similar laws affecting
creditors' rights generally, concepts of reasonableness and equitable principles of general applicability (including, without limitation,
concepts of good faith, fair dealing and the lack of bad faith), provided that such counsel expresses no opinion as to the effect of
fraudulent conveyance, fraudulent transfer or similar provision of applicable law on the conclusions expressed above. This opinion is
given as of the date hereof and is limited to the laws of the State of New York and the General Corporation Law of the State of
Delaware as in effect on the date hereof. In addition, this opinion is subject to customary assumptions about the trustee's
authorization, execution and delivery of the indenture dated July 10, 2017, which has been filed as Exhibit 5.5 to The Goldman
Sachs Group, Inc.'s registration statement on Form S-3 filed with the Securities and Exchange Commission on July 10, 2017.

PS-11
Table of Contents


We have not authorized anyone to provide any information or to make
any representations other than those contained or incorporated by reference
in this pricing supplement, the accompanying prospectus supplement or the
accompanying prospectus. We take no responsibility for, and can provide

no assurance as to the reliability of, any other information that others may
give you. This pricing supplement, the accompanying prospectus
supplement and the accompanying prospectus is an offer to sell only the
notes offered hereby, but only under circumstances and in jurisdictions
$1,500,000
where it is lawful to do so. The information contained in this pricing
supplement, the accompanying prospectus supplement and the
accompanying prospectus is current only as of the respective dates of such
documents.


T he Goldm a n Sa c hs Group, I nc .
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Pricing Supplement No. 97 dated February 26, 2018
TABLE OF CONTENTS
Pricing Supplement

Callable Fixed Rate

Notes due 2033


Pa ge
Specific Terms of the Notes
PS-3
Additional Information About the Notes
PS-5
Supplemental Plan of Distribution
PS-7
Conflicts of Interest
PS-10

Validity of the Notes
PS-11
Prospectus Supplement dated July 10, 2017

Use of Proceeds

S-2
Description of Notes We May Offer

S-3


Considerations Relating to Indexed Notes
S-20
United States Taxation
S-23
Employee Retirement Income Security Act
S-24
Supplemental Plan of Distribution
S-25
Validity of the Notes
S-27
Prospectus dated July 10, 2017

Available Information

2


Prospectus Summary

4
Risks Relating to Regulatory Resolution Strategies and
Long-Term Debt Requirements

8
Use of Proceeds

13
Description of Debt Securities We May Offer

14
Description of Warrants We May Offer

45
Description of Purchase Contracts We May Offer

61
Description of Units We May Offer

66
Description of Preferred Stock We May Offer

71
Goldm a n Sa c hs & Co. LLC
Description of Capital Stock of The Goldman Sachs Group,
Inc.

79
Legal Ownership and Book-Entry Issuance

84
I nc a pit a l LLC
Considerations Relating to Floating Rate Securities

89
Considerations Relating to Indexed Securities

90
Considerations Relating to Securities Denominated or
Payable in or Linked to a Non-U.S. Dollar Currency

91
United States Taxation

94
Plan of Distribution

116
Conflicts of Interest

118
Employee Retirement Income Security Act

119
Validity of the Securities

120
Experts

120
Review of Unaudited Condensed Consolidated Financial
Statements by Independent Registered Public Accounting
Firm

121
Cautionary Statement Pursuant to the Private Securities
Litigation Reform Act of 1995

121


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