New Issue: GS Finance sells $1.73 million digital index-linked notes due 2023 on S&P

By Sarah Lizee

Olympia, Wash., Nov. 15 – GS Finance Corp. priced $1.73 million of 0% digital index-linked notes due Nov. 13, 2023 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 closes at or above its initial level, the payout at maturity will be the greater of $1,220 per $1,000 note and par plus the return of the index.

If the index falls by up to 30%, the payout will be par.

Otherwise, investors will have full exposure to the decline of the index.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$1,732,000
Maturity:	Nov. 13, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index closes at or above its initial level, greater of $1,220 per $1,000 note and par plus the return of the index; if the index falls by up to 30%, par; otherwise, investors will have full exposure to the decline of the index
Initial index level:	3,093.08
Pricing date:	Nov. 8
Settlement date:	Nov. 13
Underwriter:	Goldman Sachs & Co. LLC
Fees:	1.9%
Cusip:	40056XKE5

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