New Issue: GS Finance prices $900,000 digital index-linked notes on S&P 500

By Kiku Steinfeld

Chicago, Feb. 1 – GS Finance Corp. priced $900,000 of 0% digital index-linked notes due Nov. 5, 2025 linked to the performance of 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 25%, the payout at maturity will be the maximum settlement amount of $1,315 per $1,000 face amount. Otherwise, investors will lose 1% for each 1% decline.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$900,000
Maturity:	Nov. 5, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, finishes flat or falls by up to 25%, maximum settlement amount of $1,315 per $1,000 face amount; otherwise, 1% loss for each 1% decline
Initial level:	3,759.69
Trigger level:	75% of initial level
Pricing date:	Nov. 2
Settlement date:	Nov. 9
Agent:	Goldman Sachs & Co. LLC
Fees:	2.25%
Cusip:	40057NUW5

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