New Issue: GS Finance prices $686,000 digital notes on iShares EM, Euro Stoxx

By Marisa Wong

Morgantown, W.Va., April 2 – GS Finance Corp. priced $686,000 of 0% digital notes due Sept. 30, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund and 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 return of each underlier is at least negative 25%, the payout at maturity will be the maximum settlement amount of $1,135 per $1,000 of notes.

Otherwise, investors will lose 1% for every 1% decline of the lesser-performing underlier from its initial level.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying assets:	iShares MSCI Emerging Markets ETF and Euro Stoxx 50 index
Amount:	$686,000
Maturity:	Sept. 30, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each underlier is at least negative 25%, par plus 13.5%; otherwise, 1% loss per 1% decline of worse performing index or fund
Initial levels:	$46.89 for ETF and 3,298.07 for index
Pricing date:	March 23
Settlement date:	March 29
Agent:	Goldman Sachs & Co. LLC
Fees:	0.15%
Cusip:	40055ANY9

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