KEY TERMS

                                   The terms of the notes being offered are as follows:

        Issuer: The Goldman Sachs Group, Inc. Face Amount: USD 240,000,000

        Denomination: USD 1,000,000 Type of Note: Zero coupon note Specified Currency: U.S. dollars (“USD”) Trade Date: March 9, 2018 Original Issue Date: March 28, 2018 ISIN Code: XS1610700681 Common Code: 161070068 Valoren Number: Not applicable

        Stated Maturity Date: March 28, 2048, subject to the Business Day Convention and subject to optional early redemption, as described under “Additional Redemption Rights at the Option of the Issuer” below

        Original Issue Price: 100% of the Face Amount

        Net Proceeds to Issuer: 99.90%1

        Amount Payable at Maturity: 392.685019% of the Face Amount outstanding on the Stated Maturity Date Yield to Maturity: 4.665% per annum, compounded annually

        Accreted Value: (1) As of any date prior to the Stated Maturity Date, an amount equal to the sum of (A) the Original Issue Price of your note and (B) the portion of

        292.685019% of the Face Amount of your note which shall have been accreted from the Original Issue Price on a daily basis and compounded annually, beginning on March 28, 2019, up to and including the Stated Maturity Date, at the rate of 4.665% per annum from the Original Issue Date, computed on the basis of a 360-day year consisting of twelve 30-day calendar months; and (2) as of any date on or after the Stated

        1 The Lead Manager and the Co-Managers will receive a fee of

        0.10% of the Face Amount of the notes in connection with the sale of the notes. See “Additional Information About the Plan of Distribution” below.

         Maturity Date, 392.685019% of the Face Amount of your note outstanding on the Stated Maturity Date

         Interest Rate: Not applicable Day Count Fraction: Not applicable

                           Redemption payments will be

         Calculation Basis:

         calculated on a per denomination basis

         Additional Redemption Rights at the Option of the

         Issuer: On each Early Redemption Date listed below, the Issuer has the right to redeem the notes in whole but not in part at a price equal to the product of (i) the Face Amount outstanding on such Early Redemption Date, multiplied by (ii) the relevant Early Redemption Amount listed below which corresponds to such Early Redemption Date; provided that, if an originally scheduled Early Redemption Date is not a Business Day, such Early Redemption Date shall be postponed to the next day that is a Business Day. In the event of a redemption, notice will be given to Euroclear Bank SA/NV and Clearstream Banking, société anonyme, no fewer than five (5) Business Days prior to the relevant Early Redemption Date:

          Early Redemption Date

            Early Redemption Amount

             March 28, 2023

              125.605133%

             March 28, 2024

              131.464613%

             March 28, 2025

              137.597437%

             March 28, 2026

              144.016357%

             March 28, 2027

              150.734721%

             March 28, 2028

              157.766495%

             March 28, 2029

              165.126302%

             March 28, 2030

              172.829444%

             March 28, 2031

              180.891938%

             March 28, 2032

              189.330547%

            March 28, 2033

             198.162817%

            March 28, 2034

             207.407112%

            March 28, 2035

             217.082654%

            March 28, 2036

             227.209560%

            March 28, 2037

             237.808886%

            March 28, 2038

             248.902670%

            March 28, 2039

             260.513980%

            March 28, 2040

             272.666957%

            March 28, 2041

             285.386870%

            March 28, 2042

             298.700168%

            March 28, 2043

             312.634531%

            March 28, 2044

             327.218932%

            March 28, 2045

             342.483695%

            March 28, 2046

             358.460559%

            March 28, 2047

             375.182744%

        Repurchase at the Holder’s Option: Not applicable

        Repayment upon Event of Default: 100% of the Accreted Value as of the date of acceleration Business Days: The relevant Business Days are Taipei, London and New York; see “Description of the Program — Features Common to All Notes — Business Days” in the Offering Circular Business Day Convention: Following; see “Description of the Program — Features Common to All Notes — Business Day Conventions” in the Offering Circular Final BDC Procedure: Applicable; see “Description of the Program — Features Common to All Notes — Business Day Conventions” in the Offering Circular Form of Notes: Registered global notes only, registered in the name of a nominee for a common depositary for Euroclear and Clearstream, Luxembourg; see “Description of the Program — Form, Exchange, Registration and Transfer” in the Offering Circular

       Intended to Be Held in a Manner Which Would Allow Eurosystem Eligibility: No

       Clearing: Euroclear Bank SA/NV and Clearstream Banking, société anonyme

       Gross-up and Call in the Case of Tax Law Changes:

       The Issuer will not gross up any payments due on the notes and will not compensate the Holder for any amount that may be withheld or due because of tax law changes with regard to withholding tax or certain reporting requirements nor, therefore, will the right of the Issuer to redeem the notes arising from the payment of additional amounts be applicable; see “Description of the Program — Payment of Additional Amounts” and “— Redemption and Repayment” in the Offering Circular

       Calculation Agent: Goldman Sachs International, London, UK

       Lead Manager: Goldman Sachs (Asia) L.L.C., Taipei Branch

       Co-Managers: Cathay United Bank Co., Ltd., E.SUN Commercial Bank, Ltd., KGI Securities Co. Ltd., MasterLink Securities Corporation, SinoPac Securities Corporation and Taipei Fubon Commercial Bank Co., Ltd.

       Listing and Admission to Trading: Application will be made by the Issuer to the Taipei Exchange in the Republic of China (the “TPEx”) for the listing and trading of the notes on the TPEx. TPEx is not responsible for the content of this document and the Offering Circular and no representation is made by the TPEx to the accuracy or completeness of this document and the Offering Circular. TPEx expressly disclaims any and all liability for any losses arising from, or as a result of the reliance on, all or part of the contents of this document and the Offering Circular. Admission to the listing and trading of the notes on the TPEx shall not be taken as an indication of the merits of the Issuer or the notes. The effective date of the listing of the notes is on or about the Original Issue Date.

             We have the right to redeem your notes, in whole but not in part, on each early redemption date at a price equal to the product of (i) the face amount outstanding on such early redemption date, multiplied by (ii) the relevant early redemption amount listed above which corresponds to such early redemption date, as set forth in the table above under “Additional Redemption Rights at the Option of the Issuer”.

             Your investment in your note involves risks. In particular, assuming no changes in market conditions or our creditworthiness and other relevant factors, the value of your note on the date of this Pricing Supplement (as determined by reference to pricing models used by Goldman Sachs and taking into account our credit spreads) may be significantly less than the original issue price. We encourage you to read “Risk Factors” on page 10 of the Offering Circular and “Additional Investment Considerations Specific to Your Note” below, so that you may better understand those risks.

             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 accreted value of the notes.

             Any offered notes sold by the Issuer to dealers may be resold by such dealers in negotiated transactions or otherwise at varying prices determined at the time of sale, which prices may be different from the original issue price. The Lead Manager and the Co-Managers will receive a fee of 0.10% of the face amount of the notes in connection with the sales of the notes. See “Additional Information About the Plan of Distribution” below.

             This Pricing Supplement should be read in conjunction with the Offering Circular and all documents incorporated by reference therein, and you should base your investment decision on a consideration of this Pricing Supplement and the Offering Circular and all documents incorporated by reference therein, as a whole only.

             The notes have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold in the United States or to U.S. persons (as those terms are defined in Regulation S under the Securities Act) unless an exemption from the registration requirements of the Securities Act is available. See "Notice to Investors" below. This Pricing Supplement is not for use in, and may not be delivered to or inside, the United States.

             The notes are not bank deposits and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency, nor are they obligations of, or guaranteed by, a bank.

             To the extent permitted by the law and regulations of the Republic of China (“R.O.C.” or “Taiwan”), Goldman Sachs International or other affiliates of The Goldman Sachs Group, Inc. may use th

Section label: Key Terms of Note Offering