New Issue: GS Finance sells $630,000 digital equity-linked trigger notes on Apple

By Sarah Lizee

Olympia, Wash., Sept. 6 – GS Finance Corp. priced $630,000 of 0% digital equity-linked trigger notes due March 3, 2022 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the stock return is at least equal to its initial level, the payout at maturity will be par plus 34.2%. If the stock falls by up to 20%, the payout will be par. If the stock falls by more than 20%, investors will be fully exposed to the decline.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital equity-linked trigger notes
Underlying stock:	Apple Inc.
Amount:	$630,000
Maturity:	March 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the stock return is at least equal to its initial level, par plus 34.2%; if the stock falls by up to 20%, par; if the stock falls by more than 20%, investors will be fully exposed to the decline
Initial stock level:	$205.53
Trigger buffer level:	80% of initial level
Pricing date:	Aug. 28
Settlement date:	Sept. 3
Underwriter:	Goldman Sachs & Co. LLC
Fees:	2.175%
Cusip:	40056X5P7

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