New Issue: GS Finance sells $580,000 digital notes due 2023 on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Dec. 18 – GS Finance Corp. priced $580,000 of 0% digital notes due Dec. 19, 2023 linked to the Euro Stoxx 50 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 at least 80% of the initial level, the payout at maturity will be the greater of par plus the index return and threshold settlement amount of $1,420 per $1,000 principal amount.

Otherwise, investors will lose 1% for every 1% decline in the index beyond 20%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying index:	Euro Stoxx 50
Amount:	$580,000
Maturity:	Dec. 19, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is at least 80% of initial level, par plus greater of index return and 42%; otherwise, 1% loss for every 1% decline in the index beyond 20%
Initial index level:	3,092.6
Pricing date:	Dec. 14
Settlement date:	Dec. 19
Underwriter:	Goldman, Sachs & Co.
Fees:	1.1%
Cusip:	40056ELQ9

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