New Issue: GS Finance sells $988,800 trigger gears linked to iShares MSCI EAFE ETF

By Marisa Wong

Morgantown, W.Va., Sept. 6 – GS Finance Corp. priced $988,800 of 0% trigger gears due Aug. 31, 2020 tied to the iShares MSCI EAFE 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 ETF return is positive, the payout at maturity will be par of $10 plus 1.53 times the gain. Investors will receive par if the ETF declines by 20% or less and will lose 1% for each 1% decline from the initial level if the ETF declines by more than 20%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Trigger gears
Underlying ETF:	iShares MSCI EAFE ETF
Amount:	$988,800
Maturity:	Aug. 31, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If ETF return is positive, par plus 1.53 times the gain; par if ETF declines by 20% or less; 1% loss for each 1% decline from initial level if ETF declines by more than 20%
Initial price:	$66.75
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Underwriter:	Goldman, Sachs & Co.
Fees:	0.25%
Cusip:	36253M547

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