New Issue: GS Finance prices $2.19 million digital notes tied to Stoxx, iShares MSCI Emerging Markets

By Wendy Van Sickle

Columbus, Ohio, May 23 – GS Finance Corp. priced $2.19 million of 0% digital notes due Nov. 27, 2018 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If each asset’s return is greater than or equal to negative 25%, the payout at maturity will be $1,105.00 per $1,000 principal amount of notes. Otherwise, investors will lose 1% for every 1% that the lesser-performing asset declines from its initial level.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying assets:	Euro Stoxx 50 index and iShares MSCI Emerging Markets exchange-traded fund
Amount:	$2,186,000
Maturity:	Nov. 27, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If least-performing asset return is greater than or equal to negative 25%, $1,105 per $1,000 principal amount of notes; otherwise, 1% loss for every 1% that lesser-performing asset declines from its initial level
Initial levels:	3,587.01 for index, $41.15 for ETF
Pricing date:	May 19
Settlement date:	May 26
Underwriter:	Goldman Sachs & Co.
Fees:	1.65%
Cusip:	40054LAU8

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