New Issue: GS Finance sells $472,000 four-year digital notes linked to the Dow

By Marisa Wong

Morgantown, W.Va., July 16 – GS Finance Corp. priced $472,000 of 0% digital notes due June 30, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index finishes at or above 85% of its initial level, the payout at maturity will be the threshold settlement amount of $1,245 per $1,000 principal amount.

Otherwise, investors will lose 1% for every 1% decline in the index beyond 15%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying index:	Dow Jones industrial average
Amount:	$472,000
Maturity:	June 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is at least 85% of initial level, par plus 24.5%; otherwise, 1% loss for every 1% decline in the index beyond 15%
Initial index level:	24,283.11
Pricing date:	June 26
Settlement date:	June 29
Underwriter:	Goldman, Sachs & Co.
Fees:	3.76%
Cusip:	40055QCB6

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