New Issue: GS Finance sells $4.33 million digital index-linked notes on Nasdaq-100

By Kiku Steinfeld

Chicago, Nov. 16 – GS Finance Corp. priced $4.33 million of 0% digital notes due April 29, 2022 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the final level of the index is equal to or greater than 90% of the initial level, the payout at maturity will be par plus 12.95%.

Otherwise, investors will lose 1.1111% for every 1% decline 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:	Nasdaq-100 index
Amount:	$4,329,000
Maturity:	April 29, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the final level of the index is equal to or greater than 90% of the initial level, par plus 12.95%; otherwise, 1.1111% loss for every 1% decline beyond 10%
Initial index level:	11,598.95
Threshold level:	90% of initial level
Final level:	Average of index closing levels on five trading days ending April 26, 2022
Pricing date:	Oct. 27
Settlement date:	Oct. 30
Underwriter:	Goldman Sachs & Co. LLC
Placement agent:	JPMorgan Securities LLC
Fees:	1.35%
Cusip:	40057ECJ4

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