New Issue: GS Finance sells $892,000 leveraged buffered notes on Vanguard ETF

By Sarah Lizee

Olympia, Wash., June 13 – GS Finance Corp. priced $892,000 of 0% leveraged buffered notes due June 16, 2021 linked to the Vanguard FTSE All-World ex-US Small-Cap ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus any ETF gain, capped at $1,340 per $1,000 of notes.

Investors will receive par if the ETF falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered notes
Underlying ETF:	Vanguard FTSE All-World ex-US Small-Cap ETF
Amount:	$892,000
Maturity:	June 16, 2021
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus any ETF gain, capped at $1,340 per $1,000 of notes; par if the ETF falls by up to 15%; 1% loss for every 1% decline beyond 15%
Initial level:	$104.21
Pricing date:	June 11
Settlement date:	June 14
Agents:	Goldman Sachs & Co. LLC
Fees:	0.675%
Cusip:	40056FLP8

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