New Issue: GS Finance sells $1.51 million leveraged buffered notes on iShares MSCI EAFE ETF

By Wendy Van Sickle

Columbus, Ohio, Dec. 19 – GS Finance Corp. priced $1.51 million of 0% leveraged buffered notes due June 17, 2020 tied to the iShares MSCI EAFE ETF, 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 plus 200% of the return, subject to a maximum gain of 15.5%. Investors will receive par if the ETF falls by up to 15% and lose 1% for every 1% decline 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 EAFE ETF
Amount:	$1,507,000
Maturity:	June 17, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus 200% of return, subject to a maximum gain of 15.5%; par if ETF falls by up to 15%; 1% loss for every 1% decline in ETF beyond 15%
Initial level:	$59.98
Pricing date:	Dec. 17
Settlement date:	Dec. 20
Underwriter:	Goldman Sachs & Co.
Fees:	0.15%
Cusip:	40056EJ25

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