New Issue: GS Finance sells $500,000 digital notes linked to S&P 500

By Marisa Wong

Los Angeles, March 9 – GS Finance Corp. priced $500,000 of 0% digital index-linked notes due March 3, 2022 tied to the S&P 500 index, 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 greater than or equal to negative 15%, the payout at maturity will be par plus 8%.

If the index return is below negative 15%, investors will lose 1% for every 1% decline of the index beyond 15%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital index-linked notes
Underlying index:	S&P 500
Amount:	$500,000
Maturity:	March 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, finishes flat or falls by up to 15%, par plus 8%; otherwise, 1% loss for every 1% decline beyond 15%
Initial index level:	2,978.76
Pricing date:	Feb. 27
Settlement date:	March 3
Agent:	Goldman Sachs & Co. LLC
Fees:	0.425%
Cusip:	40056YMH4

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