New Issue: GS Finance prices $3.19 million trigger jump notes linked to iShares MSCI EM

By Wendy Van Sickle

Columbus, Ohio, Jan. 6 – GS Finance Corp. priced $3.19 million of 0% trigger jump securities due July 5, 2018 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.

If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus the upside payment of 19.3%. Investors will receive par if the ETF declines by 10% or less and will be exposed to declines from the initial share price if the ETF falls by more than 10%.

Goldman, Sachs & Co. is the underwriter with Morgan Stanley Wealth Management as dealer.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Trigger jump securities
Underlying ETF:	iShares MSCI Emerging Markets
Amount:	$3,190,500
Maturity:	July 5, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If ETF gains, par plus 19.3%; par if ETF falls by 10% or less; full exposure to any losses if ETF finishes below trigger level
Initial level:	$35.25
Trigger level:	$31.734, 90% of initial level
Pricing date:	Dec. 29
Settlement date:	Jan. 5
Underwriter:	Goldman, Sachs & Co.
Dealer:	Morgan Stanley Wealth Management
Fees:	2.65%
Cusip:	36251U566

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