New Issue: GS Finance sells $87.35 million digital notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 1 – GS Finance Corp. priced $87.35 million of 0% digital index-linked notes due Aug. 4, 2021 tied 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 greater than or equal to negative 10%, the payout will be par plus 13.9%.

If the index return is less than negative 10%, investors will lose 1.1111% for every 1% index decline beyond 10%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$87,346,000
Maturity:	Aug. 4, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, finishes flat or falls by up to 10%, par plus 13.9%; otherwise, 1.1111% for every 1% index decline beyond 10%
Initial level:	2,863.39
Buffer level:	90% of initial level
Pricing date:	April 28
Settlement date:	May 5
Agent:	Goldman Sachs & Co. LLC
Fees:	0.79%
Cusip:	40057E4E4

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