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Published on 4/12/2016 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $1 million digital notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., April 12 – GS Finance Corp. priced $1 million of 0% digital notes due Oct. 12, 2017 linked to the Euro Stoxx 50 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 principal amount of notes. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

Goldman Sachs & Co. is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Digital notes
Underlying index:Euro Stoxx 50
Amount:$1 million
Maturity:Oct. 12, 2017
Coupon:0%
Price:Par
Payout at maturity:If index return is greater than or equal to negative 15%, $1,080 per $1,000 principal amount of notes; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial index level:2,911.98
Pricing date:April 8
Settlement date:April 13
Underwriter:Goldman Sachs & Co.
Fees:1.35%
Cusip:40054KAH9

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