New Issue: GS Finance prices $10.5 million digital notes on WTI crude oil futures

By Marisa Wong

Morgantown, W.Va., June 28 – GS Finance Corp. priced $10.5 million of 0% digital commodity-linked notes due June 25, 2020 tied to the West Texas Intermediate light sweet crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the asset return is zero or positive, the payout at maturity will be the greater of the threshold settlement amount, $1,183 per $1,000 principal amount, and par plus the asset return.

If the asset return is negative, investors will lose 1% for every 1% decline.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital commodity-linked notes
Underlying asset:	West Texas Intermediate light sweet crude oil futures contract
Amount:	$10.5 million
Maturity:	June 25, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the asset return is zero or positive, the greater of the threshold settlement amount, $1,183 per $1,000 principal amount, and par plus the asset return; otherwise, 1% loss for every 1% decline
Initial value:	$65.54
Pricing date:	June 21
Settlement date:	June 28
Underwriter:	Goldman, Sachs & Co.
Fees:	1.65%
Cusip:	40055QGA4

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