New Issue: GS Finance sells $506,000 digital notes on iShares EM, Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Nov. 30 – GS Finance Corp. priced $506,000 of 0% digital notes due May 24, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the return of each underlier is at least negative 25%, the payout at maturity will be the maximum settlement amount of $1,121 per $1,000 of notes.

Otherwise, investors will lose 1% for every 1% decline of the lesser-performing underlier from its initial level.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying assets:	iShares MSCI Emerging Markets ETF and Euro Stoxx 50 index
Amount:	$506,000
Maturity:	May 24, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each underlier is at least negative 25%, par plus 12.1%; otherwise, 1% loss per 1% decline of worse performing index or fund
Initial levels:	3,547.46 for index, $46.82 for fund
Pricing date:	Nov. 17
Settlement date:	Nov. 27
Agent:	Goldman Sachs & Co. LLC
Fees:	0.1%
Cusip:	40054LYP3

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