New Issue: GS Finance sells $800,000 buffered digital index-linked notes tied to S&P

By Kiku Steinfeld

Chicago, May 18 – GS Finance Corp. priced $800,000 of 0% buffered digital notes due May 16, 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 zero or positive, the payout at maturity will be the maximum settlement amount, $1,173 per $1,000 principal amount.

If the index return is negative but not below negative 15%, the payout will be par. If the index return is below negative 15%, investors will lose 1% for every 1% that the index declines beyond 15%.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered digital index-linked notes
Underlying index:	S&P 500
Amount:	$800,000
Maturity:	May 16, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is zero or positive, maximum return of $1,173 per $1,000 of notes; if the index return is negative but not below negative 15%, par; otherwise, 1% loss for every 1% that the index declines beyond 15%
Initial index level:	2,929.80
Buffer level:	85% of initial level
Pricing date:	May 8
Settlement date:	May 15
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.175%
Cusip:	40057EBC0

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