New Issue: GS Finance prices $6.09 million of digital notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, July 13 – GS Finance Corp. priced $6.09 million of 0% digital notes due July 15, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If the index return is greater than or equal to negative 25%, the payout at maturity will be equal to the greater of par plus the index return and the threshold settlement amount of $1,250 per $1,000 principal amount. Otherwise, investors will lose 1.3333% for every 1% that the index declines beyond 20%.

Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$6,085,000
Maturity:	July 15, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least negative 25%, greater of par plus index return and $1,250 per $1,000 principal amount of notes; otherwise, 1.3333% loss for every 1% that index declines beyond 20%
Initial index level:	2,137.16
Pricing date:	July 11
Settlement date:	July 14
Underwriter:	Goldman Sachs & Co.
Fees:	0.6%
Cusip:	40054KFY7

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