New Issue: GS Finance prices $4.27 million buffered PLUS linked to iShares MSCI EM

By Angela McDaniels

Tacoma, Wash., June 6 – GS Finance Corp. priced $4.27 million of 0% buffered Performance Leveraged Upside Securities due June 3, 2021 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 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 of $10 plus double the ETF return, subject to a maximum return of 20.9%. Investors will receive par if the ETF declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered Performance Leveraged Upside Securities
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$4,265,530
Maturity:	June 3, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If ETF return is positive, par plus 200% of ETF return, subject to 20.9% maximum return; par if ETF drops 10% or less; 1% loss for every 1% decline beyond 10%
Initial share price:	$40.71
Pricing date:	May 31
Settlement date:	June 5
Underwriter:	Goldman Sachs & Co. LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	2.65%
Cusip:	36257D584

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