New Issue: GS Finance prices $2.22 million digital notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., May 27 – GS Finance Corp. priced $2.22 million of 0% digital notes due June 28, 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 $1,048.50 per $1,000 principal amount of notes. Otherwise, investors will lose 1.1765% 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:	S&P 500
Amount:	$2,215,000
Maturity:	June 28, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 15%, $1,048.50 per $1,000 principal amount of notes; otherwise, 1.1765% loss for every 1% that index declines beyond 15%
Initial index level:	2,090.54
Pricing date:	May 25
Settlement date:	June 2
Underwriter:	Goldman Sachs & Co.
Fees:	0.9%
Cusip:	40054KCY0

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