New Issue: GS Finance prices $3.8 million digital notes linked to S&P, Russell

By Angela McDaniels

Tacoma, Wash., May 1 – GS Finance Corp. priced $3.8 million of 0% digital notes due May 26, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index return is greater than or equal to zero, the payout at maturity will be $1,720 per $1,000 principal amount of notes. If the return of each index is less than zero but greater than or equal to negative 30%, the payout will be par. If the return of either index is less than negative 30%, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$3,804,000
Maturity:	May 26, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index return is greater than or equal to zero, $1,720 per $1,000 principal amount; if return of each index is less than zero but greater than or equal to negative 30%, par; if return of either index is less than negative 30%, 1% loss for every 1% that lesser-performing index declines from initial level
Initial index levels:	2,381.73 for S&P 500 and 1,367.330 for Russell 2000
Pricing date:	May 19
Settlement date:	May 26
Underwriter:	Goldman Sachs & Co.
Fees:	3.375%
Cusip:	40054LC93

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