New Issue: GS Finance prices $40,000 buffered digital notes tied to S&P, Russell

By Sarah Lizee

Olympia, Wash., Sept. 6 – GS Finance Corp. priced $40,000 of 0% buffered digital notes due Sept. 8, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index finishes at or above 80% of its initial level, the payout at maturity will be the greater of the threshold settlement amount, $1,250 per $1,000 principal amount, and par plus the return of the lesser performing index.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond 20%.

Goldman Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered digital notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$40,000
Maturity:	Sept. 8, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above 80% of its initial level, the greater of the threshold settlement amount, $1,250 per $1,000 principal amount, and par plus the return of the lesser performing index; otherwise, 1% loss for each 1% decline of the worse performing index beyond 20%
Initial levels:	2,896.72 for S&P and 1,733.377 for Russell
Pricing date:	Sept. 4
Settlement date:	Sept. 7
Underwriter:	Goldman Sachs & Co.
Fees:	1%
Cusip:	40055QS45

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