New Issue: Goldman sells $551,000 two-year digital notes linked to S&P 500

By Susanna Moon

Chicago, Dec. 14 – GS Finance Corp. priced $551,000 of 0% digital notes due Dec. 2, 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 finishes at or above its 90% threshold, the payout at maturity will be the maximum settlement amount of $1,115 per $1,000 principal amount.

Otherwise, investors will lose 1% for each 1% decline 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:	$551,000
Maturity:	Dec. 2, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains or falls by up to 10%, par plus 11.5%; otherwise, 1% loss per 1% decline beyond 10%
Initial level:	2,682.17
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Underwriter:	Goldman Sachs & Co.
Fees:	3.045%
Cusip:	40056ED21

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