By Susanna Moon
Chicago, April 24 – GS Finance Corp. priced $3.77 million of 0% digital notes due July 3, 2019 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above its 85% threshold level, the payout at maturity will be the maximum settlement amount of $1,066 for each $1,000 principal amount.
Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.
Goldman Sachs & Co. LLC is the agent, with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Digital notes
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| Underlying index: | S&P 500
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| Amount: | $3.77 million
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| Maturity: | July 3, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains or falls by up to 15%, par plus 6.6%; otherwise, 1.1765% loss per 1% drop beyond 15%
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| Initial level: | 2,708.64
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| Barrier level: | 85% of initial level
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| Pricing date: | April 18
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| Settlement date: | April 23
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| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 0.7%
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| Cusip: | 40055AY35
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