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Published on 5/19/2017 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $1.67 million buffered digital notes tied to Euro Stoxx 50 index

By Wendy Van Sickle

Columbus, Ohio, May 19 – GS Finance Corp. priced $1.67 million of 0% buffered digital notes due Aug. 22, 2018 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 final index level is greater than or equal to the initial index level, the payout at maturity will be the threshold settlement payment, $1,105 per $1,000 of notes. Investors will receive par if the index declines by 15% or less and will lose 1% for each 1% decline beyond the 15% buffer.

Goldman Sachs & Co. is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Buffered digital notes
Underlying index:Euro Stoxx 50
Amount:$1,673,000
Maturity:Aug. 22, 2018
Coupon:0%
Price:Par
Payout at maturity:If the index return is zero or positive, $1,105 per $1,000 of notes; if index return is negative but not less than negative 15%, par; otherwise, 1% loss for every 1% decline beyond 15%
Initial index level:3,584.83
Pricing date:May 17
Settlement date:May22
Underwriter:Goldman Sachs & Co.
Fees:0.35%
Cusip:40054LCN2

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