New Issue: GS Finance sells $7.98 million buffered digital index-linked notes tied to S&P

By Kiku Steinfeld

Chicago, May 19 – GS Finance Corp. priced $7.98 million of 0% buffered digital notes due Nov. 3, 2021 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, $1,077.30 per $1,000 principal amount.

If the index return is negative but not below negative 30%, the payout will be par. If the index return is below negative 30%, investors will lose 1.4286% for every 1% that the index declines beyond 30%.

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:	$7,975,000
Maturity:	Nov. 3, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is zero or positive, maximum return of $1,077.30 per $1,000 of notes; if the index return is negative but not below negative 30%, par; otherwise, 1.4286% loss for every 1% that the index declines beyond 30%
Initial index level:	2,852.50
Buffer level:	70% of initial level
Pricing date:	May 14
Settlement date:	May 21
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.93%
Cusip:	40057C2C4

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