New Issue: GS Finance sells $3.5 million digital index-linked notes due 2022 on S&P

By Kiku Steinfeld

Chicago, Dec. 30 – GS Finance Corp. priced $3.5 million of 0% digital index-linked notes due May 11, 2022 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 80% of its initial level, the payout at maturity will be $1,057.50 per $1,000 note.

Otherwise, investors will lose 1.25% for every 1% decline of the index beyond 20%.

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:	$3,500,000
Maturity:	May 11, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the index closes at or above buffer level, $1,057.50 per $1,000 note; otherwise, 1.25% loss for every 1% decline beyond buffer
Initial index level:	3,621.63
Buffer level:	80% of initial level
Pricing date:	Nov. 30
Settlement date:	Dec 7
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.88%
Cusip:	40057EP84

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