New Issue: GS Finance sells $6.17 million digital notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Oct. 1 – GS Finance Corp. priced $6.17 million of 0% digital notes due March 31, 2021 linked to the S&P 500 index, 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 at least 90% of its initial level, the payout at maturity will be $1,106 per $1,000 principal amount.

Otherwise, investors will lose 1.1111% for each 1% loss of the index beyond 10%.

Goldman, Sachs & Co. LLC is the underwriter with JPMorgan as placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying index:	S&P 500 index
Amount:	$6,169,000
Maturity:	March 31, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least 90% of its initial level, $1,106 per $1,000 principal amount; otherwise 1.1111% per 1% loss of index beyond 10%
Initial index level:	2,984.87
Final level:	Average of closing levels on five trading days ending March 26, 2021
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Underwriter:	Goldman, Sachs & Co. LLC with JPMorgan as placement agent
Fees:	1.4%
Cusip:	40056X6J0

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