New Issue: GS Finance sells $1.28 million digital index-linked notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Jan. 29 – GS Finance Corp. priced $1.28 million of 0% digital index-linked notes due July 24, 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 return is at least 80% of its initial level, the payout at maturity will be par plus 11.6%. Investors will have full exposure to loss if the index falls by more than 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
Amount:	$1.28 million
Maturity:	July 24, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least 80% of its initial level, par plus 11.6%; otherwise, full exposure to loss
Initial index level:	4,839.81
Pricing date:	Jan. 19
Settlement date:	Jan. 24
Underwriter:	Goldman Sachs & Co. LLC
Fees:	1.25%
Cusip:	40057XXB6

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