New Issue: GS Finance sells $2.78 million of digital notes linked to S&P 500 index

By Devika Patel

Knoxville, Tenn., Sept. 22 – GS Finance Corp. priced $2.78 million of 0% digital notes due June 22, 2018 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 20%, the payout at maturity will be $1,071.50 per $1,000 of notes. Otherwise, investors will lose 1.25% for every 1% that the index declines beyond 80% 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:	$2,775,000
Maturity:	June 22, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 20%, $1,071.50 per $1,000 of notes; otherwise, 1.25% loss for every 1% index decline beyond 20%
Initial index level:	2,139.12
Pricing date:	Sept. 19
Settlement date:	Sept. 26
Agent:	Goldman, Sachs & Co.
Fees:	1.29%
Cusip:	40054KKN5

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