New Issue: GS Finance sells $1.37 million buffered digital notes on S&P 500

By Kiku Steinfeld

Chicago, Dec. 13 – GS Finance Corp. priced $1.37 million of 0% buffered digital securities due May 29, 2025 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 finishes at or above 85% of its initial level, the payout at maturity will be $1,152 for each $1,000 of notes. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

Goldman Sachs & Co. LLC. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered digital notes
Underlying index:	S&P 500 index
Amount:	$1,367,000
Maturity:	May 29, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 85% of initial level, par plus 15.2%; otherwise, 1% loss for every 1% index decline beyond 15%
Initial index level:	4,690.70
Pricing date:	Nov. 23
Settlement date:	Nov. 29
Underwriter:	Goldman Sachs & Co. LLC
Fees:	2.88%
Cusip:	40057JZV1

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