The Goldman Sachs Group, Inc.

The notes do not bear interest. The amount that you will be paid on your notes, if any, on the stated maturity date (April 10, 2023) is based on the performance of the S&P 500 ®Index as measured from April 4, 2018, the date the initial index level was set, to and including the determination date (April 5, 2023).

The initial index level of 2,644.69 is lower than the closing level of the index on the trade date (April 5, 2018) of 2,662.84.