New Issue: GS Finance sells $1.6 million digital notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., March 31 – GS Finance Corp. priced $1.6 million of 0% digital notes due Jan. 28, 2019 linked 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 negative 10%, the payout at maturity will be the threshold settlement amount of $1,099 per $1,000 of notes. Investors will lose 1.1111% for each 1% decline beyond 10%.

Goldman Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$1.6 million
Maturity:	Jan. 28, 2019
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the index return at least negative 10%, par plus 9.9%; 1.1111% loss for each 1% decline beyond 10%
Initial level:	2,345.96
Pricing date:	March 23
Settlement date:	March 30
Underwriter:	Goldman, Sachs & Co.
Fees:	1.55%
Cusip:	40054L2V5

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