New Issue: GS Finance sells $286,000 digital notes linked to the Dow

By Marisa Wong

Morgantown, W.Va., Dec. 11 – GS Finance Corp. priced $286,000 of 0% digital notes due Dec. 2, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is at least negative 15%, the payout at maturity will be the maximum settlement amount of $1,185 per $1,000 principal amount. Otherwise, investors will lose 1% for every 1% decline in the index beyond 15%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying index:	Dow Jones industrial average
Amount:	$286,000
Maturity:	Dec. 2, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least negative 15%, par plus 18.5%; otherwise, 1% loss for every 1% decline in the index beyond 15%
Initial index level:	23,580.78
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Underwriter:	Goldman, Sachs & Co.
Fees:	3.6%
Cusip:	40054LYZ1

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