New Issue: GS Finance sells $7.26 million of digital notes tied to S&P 500 index

By Tali Rackner

Norfolk, Va., March 24– GS Finance Corp. priced $7.26 million of 0% digital notes due Sept. 27, 2017 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 greater than or equal to negative 15%, the payout at maturity will be $1,080 per $1,000 of notes. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 85% of its initial level.

Goldman Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$7.26 million
Maturity:	Sept. 27, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 15%, $1,080 per $1,000 of notes; otherwise, 1.1765% loss for every 1% that index declines beyond 85% of initial level
Initial index level:	2,049.8
Pricing date:	March 22
Settlement date:	March 29
Agent:	Goldman Sachs & Co.
Fees:	1.08%
Cusip:	40054K6M3

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