New Issue: GS Finance sells $247,000 two-year digital notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Nov. 2 – GS Finance Corp. priced $247,000 of 0% digital notes due Oct. 29, 2020 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is greater than or equal to negative 10%, the payout at maturity will be the maximum settlement amount, $1,110 per $1,000 principal amount.

If the index falls by more than 10%, investors will lose 1% for every 1% that the index declines beyond 10%.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$247,000
Maturity:	Oct. 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is greater than or equal to negative 10%, $1,110 per $1,000 principal amount; if the index falls by more than 10%, 1% loss for every 1% that the index declines beyond 10%
Initial index level:	2,658.69
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Underwriter:	Goldman Sachs & Co.
Fees:	3%
Cusip:	40056E4C9

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