New Issue: GS Finance sells $2.85 million digital notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Feb. 19 – GS Finance Corp. priced $2.85 million of 0% digital notes due March 30, 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 return is at least negative 12.5%, the payout at maturity will be the maximum settlement amount of $1,075 per $1,000 principal amount. Otherwise, investors will lose 1.1429% for every 1% decline in the index beyond 12.5%.

Goldman, Sachs & Co. LLC is the underwriter with JPMorgan acting as the placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying index:	S&P 500 index
Amount:	$2,851,000
Maturity:	March 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least negative 12.5%, par plus 7.5%; otherwise, 1.1429% loss for every 1% decline in the index beyond 12.5%
Initial index level:	3,886.83
Pricing date:	Feb. 5
Settlement date:	Feb. 12
Underwriter:	Goldman, Sachs & Co. LLC with JP Morgan as placement agent
Fees:	0.84%
Cusip:	40057FG32

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