New Issue: GS Finance prices $1.04 million leveraged buffered notes on iShares EM

By Marisa Wong

Morgantown, W.Va., June 11 – GS Finance Corp. priced $1.04 million of 0% leveraged buffered ETF-linked notes due Sept. 11, 2019 tied to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Goldman Sachs Group, Inc. is the guarantor.

If the ETF return is positive, the payout at maturity will be par plus 125% of the ETF return, subject to a maximum payment of $1,210 per $1,000 principal amount. 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 Emerging Markets ETF
Amount:	$1,043,000
Maturity:	Sept. 11, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus 125% of ETF return, subject to maximum payment of $1,210 per $1,000 principal amount; par if ETF falls by up to 10%; 1% loss for every 1% decline in ETF beyond 10%
Initial price:	$47.14
Pricing date:	June 6
Settlement date:	June 11
Underwriter:	Goldman, Sachs & Co.
Fees:	0.6%
Cusip:	40055QCD2

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