New Issue: GS Finance sells $2.54 million leveraged buffered notes tied to iShares MSCI EAFE

By Wendy Van Sickle

Columbus, Ohio, May 28 – GS Finance Corp. priced $2.54 million of 0% leveraged buffered ETF-linked notes due Nov. 30, 2020 tied to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the ETF return is positive, the payout at maturity will be par plus 2 times the ETF gain, up to a maximum settlement amount of $1,212 for each $1,000 of notes. Investors will receive par if the ETF falls by up to 10% and lose 1% for every 1% decline in the ETF beyond 10%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered ETF-linked notes
Underlying ETF:	iShares MSCI EAFE
Amount:	$2.54 million
Maturity:	Nov. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus 2 times the ETF gain, up to maximum settlement amount of $1,212 for each $1,000 of notes; par if the ETF falls by up to 10%; 1% loss for every 1% decline in the ETF beyond 10%
Initial ETF level:	$64.09
Pricing date:	May 23
Settlement date:	May 29
Underwriter:	Goldman, Sachs & Co.
Fees:	0.15%
Cusip:	40056FHS7

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