New Issue: GS Finance sells $1.68 million digital index-linked notes due 2023 on S&P

By Sarah Lizee

Olympia, Wash., July 6 – GS Finance Corp. priced $1.68 million of 0% digital index-linked notes due Dec. 29, 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 85% of its initial level, the payout at maturity will be $1,150 per $1,000 note.

Otherwise, investors will lose 1% for every 1% decline of the index beyond 15%.

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:	$1,681,000
Maturity:	Dec. 29, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index closes at or above buffer level, $1,150 per $1,000 note; otherwise, 1% loss for every 1% decline beyond buffer
Initial index level:	3,083.76
Buffer level:	85% of initial level
Pricing date:	June 25
Settlement date:	June 30
Underwriter:	Goldman Sachs & Co. LLC
Fees:	3.13%
Cusip:	40057C6L0

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