New Issue: GS Finance sells $5.62 million digital underlier-linked notes on index, ETF

By Sarah Lizee

Olympia, Wash., Sept. 17 – GS Finance Corp. priced $5.62 million of 0% digital underlier-linked notes due Sept. 16, 2022 linked to the iShares China Large-Cap exchange-traded fund and the Hang Seng China Enterprises 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 greater than or equal to its initial level, the payout at maturity will be the threshold settlement amount of $1,690 for each $1,000 of notes.

If either underlier falls by up to 30%, investors will receive par.

Investors will be fully exposed to the decline of the lesser performing underlier if either underlier falls by more than 30%.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital underlier-linked notes
Underliers:	iShares China Large-Cap ETF and Hang Seng China Enterprises index
Amount:	$5,624,000
Maturity:	Sept. 16, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each underlier is greater than or equal to its initial level, $1,690 for each $1,000 of notes; if either underlier falls by up to 30%, par; full exposure to decline of lesser performing underlier if either underlier falls by more than 30%
Initial levels:	$41.68 for ETF, 10,503.01 for index
Pricing date:	Sept. 13
Settlement date:	Sept. 18
Underwriter:	Goldman Sachs & Co.
Fees:	1.25%
Cusip:	40055QWK4

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