Offering Circular, dated June 6, 2017

                Unless the context otherwise requires, references in this offering circular to “The Goldman Sachs Group, Inc.”, “we”, “our” and “us” mean only The Goldman Sachs Group, Inc. and do not include its consolidated subsidiaries. References to “Goldman Sachs” and the “Goldman Sachs Group” refer to The Goldman Sachs Group, Inc. together with its consolidated subsidiaries. Also, when we refer to “holders” we mean those who own notes registered in their own names, on the books that we or our agents maintain for this purpose; “holders” does not refer to those who own beneficial interests in notes registered in street name or in notes issued in global — i.e., book- entry — form through Euroclear SA/NV, Clearstream Banking, société anonyme, or another depositary. Prospective owners of beneficial interests in the notes issued in global form should read the section entitled “Description of the Program — Form, Exchange, Registration and Transfer” below.

                We have not authorized anyone to provide any information or to make any representations other than those contained or incorporated by reference in this offering circular. Neither this offering circular nor any pricing supplement constitutes an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction where, or to any person to whom, it is unlawful to make such offer or solicitation in that jurisdiction. Neither the delivery of this offering circular, any pricing supplement nor any sale made pursuant to those documents, shall, under any circumstances, create any implication that there has been no change in the affairs of The Goldman Sachs Group, Inc. since the date of the document or that the information contained within the documents is correct as of any time subsequent to its date.

                                              Responsibility Statement The Goldman Sachs Group, Inc. accepts responsibility for the information contained in this offering circular. To the best of the knowledge and belief of The Goldman Sachs Group, Inc. (which has taken all reasonable care to ensure that such is the case), the information contained in this offering circular is in accordance with the facts and contains no omission likely to affect the import of such information. Where information contained in this offering circular has been sourced from a third party, such information has been accurately reproduced and so far as The Goldman Sachs Group, Inc. is aware and is able to ascertain from information published by that third party, no facts have been omitted which would render the reproduced information inaccurate or misleading.

                Any insurance company or fiduciary of a pension plan or other employee benefit plan that is subject to the prohibited transactions rules of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), or the Internal Revenue Code of 1986, as amended (“the Code”), including an IRA or a Keogh plan (or a governmental plan to which similar prohibitions apply), and that is considering purchasing the notes with the assets of the insurance company or the assets of the plan, should consult with its counsel regarding whether the purchase or holding of the notes could become a “prohibited transaction” under ERISA, the Code or any substantially similar prohibition in light of the representations a purchaser or holder in any of the above categories is deemed to make by purchasing and holding the notes. This is discussed in more detail under “Employee Retirement Income Security Act” below.

                                             TABLE OF CONTENTS

             Summary of the Offering Circular .................................................................................................................

                                       4

             Risk Factors ................................................................................................................................................

                                      10

             Documents Incorporated by Reference ......................................................................................................

                                      32

             Introduction..................................................................................................................................................

                                      33

             Use of Proceeds ..........................................................................................................................................

                                      33

             Description of the Program .........................................................................................................................

                                      34

             United States Taxation ..............................................................................................................................

                                     101

             Plan of Distribution ....................................................................................................................................

                                     106

             Employee Retirement Income Security Act ..............................................................................................

                                     123

             Listing and General Information ................................................................................................................

                                     124

             Forms of Pricing Supplement ..................................................................................................................

                                    S1-1

                                     SUMMARY OF THE OFFERING CIRCULAR

                The following is a summary of the offering circular and the Series H euro medium-term notes program of The Goldman Sachs Group, Inc. and should be read as an introduction to, and in conjunction with, the remainder of the offering circular, including any documents incorporated by reference therein, and the applicable pricing supplement, and you should base your investment decision on a consideration of the offering circular, including any documents incorporated by reference therein, and the applicable pricing supplement as a whole. No civil liability attaches to us in respect of this summary, including any translation thereof, unless it is misleading, inaccurate or inconsistent when read together with the remainder of the offering circular, including any documents incorporated by reference therein, and the applicable pricing supplement.

                The summary is qualified in its entirety by the remainder of this offering circular, including any documents incorporated by reference therein, and the applicable pricing supplement. If there are any differences between your pricing supplement and this offering circular, your pricing supplement will control with regard to your note.

             Issuer

             The Goldman Sachs Group, Inc.

             Description of issuer

             The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. We filed our original certificate of incorporation with the Secretary of State of the State of Delaware on July 21, 1998. Our headquarters are located at 200 West Street, New York, NY 10282,

             U.S.A., telephone +1 (212) 902-1000. The Goldman Sachs Group, Inc. is a bank holding company and a financial holding company regulated by the Board of Governors of the Federal Reserve System (the “Federal Reserve Board”). Its U.S. depository institution subsidiary, Goldman Sachs Bank USA, is a New York State-chartered bank. The Goldman Sachs Group, Inc. is the parent holding company of the Goldman Sachs Group.

             The Goldman Sachs Group’s activities are conducted in the following segments:

             (1) Investment Banking:

                 Financial Advisory, which includes strategic advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, risk management, restructurings and spin-offs, risk management and derivative transactions directly related to these client advisory assignments; and

                 Underwriting, which includes public offerings and private placements, including local and cross-border transactions, and acquisition finance, of a wide range of securities, loans and other financial instruments, and derivative transactions directly related to these client underwriting activities.

             (2) Institutional Client Services:

                           4

                 Fixed Income, Currency and Commodities, which includes client execution activities related to making markets in both cash and derivative instruments for interest rate products, credit products, mortgages, currencies and commodities; and

                 Equities, which includes client execution activities related to making markets in equity products and commissions and fees from executing and clearing institutional client transactions on major stock, options and futures exchanges worldwide, as well as over-the-counter transactions. Equities also includes our securities services business, which provides financing, securities lending and other prime brokerage services to institutional clients, includi

Section label: Responsibility Statement