New Issue: GS Finance prices $3.05 million capped gears linked to iShares MSCI EM

By Marisa Wong

Morgantown, W.Va., Nov. 1 – GS Finance Corp. priced $3.05 million of 0% capped gears notes due Dec. 29, 2017 linked to the iShares MSCI Emerging 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 plus triple any ETF gain, up to a maximum return of 21.5%.

Investors will be exposed to any losses.

Goldman, Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Capped gears
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$3,053,850
Maturity:	Dec. 29, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 3 times any ETF gain, capped at 21.5%; full exposure to any losses
Initial fund level:	$37.40
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	Goldman, Sachs & Co.
Fees:	2.1%
Cusip:	36250Y817

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