New Issue: GS Finance sells $48.17 million buffered digital notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, June 10 – GS Finance Corp. priced $48.17 million of 0% buffered digital notes due July 9, 2020 linked 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 zero or positive, the payout at maturity will be $1,084 per $1,000 principal amount.

If the index return is at least negative 15%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline in the index beyond 15%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered digital notes
Underlying index:	S&P 500 index
Amount:	$48,169,000
Maturity:	July 9, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is zero or positive, par plus 8.4%; if the index return is at least negative 15%, par; otherwise, 1% loss for every 1% decline in the index beyond 15%
Initial index level:	2,752.06
Pricing date:	June 3
Settlement date:	June 6
Underwriter:	Goldman, Sachs & Co.
Fees:	0.35%
Cusip:	40056FN84

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