New Issue: GS Finance prices $9.99 million leveraged buffered notes on iShares EM

By Marisa Wong

Morgantown, W.Va., June 3 – GS Finance Corp. priced $9.99 million of 0% leveraged buffered notes due Dec. 6, 2018 tied 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.

If the fund return is positive, the payout at maturity will be par plus 1.5 times the gain, subject to a maximum payment of $1,420 per $1,000 principal amount. Investors will receive par if the fund falls by up to 15% and lose 1.1765% for every 1% decline in the fund beyond 15%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered notes
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$9,985,000
Maturity:	Dec. 6, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If fund return is positive, par plus 150% of fund gain, subject to maximum payment of $1,420 per $1,000 principal amount; par if ETF falls by up to 15%; 1.1765% loss for every 1% decline beyond 15%
Initial price:	$33.08
Pricing date:	June 1
Settlement date:	June 6
Underwriter:	Goldman, Sachs & Co.
Fees:	0.175%
Cusip:	40054KDN3

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