New Issue: GS Finance sells $4.34 million digital notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, July 1 – GS Finance Corp. priced $4.34 million of 0% digital index-linked notes due Dec. 27, 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 at least 85% of its initial level, the payout at maturity will be par plus 10.33%. Otherwise, investors will lose 1.1765% for every 1% that the index declines 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 index
Amount:	$4,341,000
Maturity:	Dec. 27, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least 85% of initial level, par plus 10.33%; otherwise, 1.1765% loss per 1% loss beyond 15%
Initial index level:	3,131.29
Pricing date:	June 23
Settlement date:	June 30
Agent:	Goldman Sachs & Co. LLC
Fees:	1.08%
Cusip:	40057CB42

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