By Marisa Wong
Morgantown, W.Va., Feb. 8 – GS Finance Corp. priced $190,000 of 0% buffered digital notes due Aug. 20. 2020 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 return is zero or positive, the payout at maturity will be the maximum settlement amount, $1,110 per $1,000 principal amount.
If the index return is at least negative 20%, the payout will be par.
Otherwise, investors will lose 1.25% for every 1% decline in the index beyond 20%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered digital notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $190,000
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| Maturity: | Aug. 20. 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is zero or positive, par plus 11%; if the index return is at least negative 20%, par; otherwise, 1.25% loss for every 1% decline in the index beyond 20%
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| Initial index level: | 25,239.37
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| Pricing date: | Feb. 4
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| Settlement date: | Feb. 7
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| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 0.9%
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| Cusip: | 40056ETG3
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