New Issue: GS Finance prices $3.53 million digital notes tied to iShares MSCI EAFE, EM funds

By Wendy Van Sickle

Columbus, Ohio, July 3 – GS Finance Corp. priced $3.53 million of 0% digital notes due July 2, 2020 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If each asset’s return is greater than or equal to its initial level, the payout at maturity will be $1,491.00 per $1,000 principal amount of notes. If the lesser-performing asset falls by up to 20%, par. Otherwise, investors will lose 1% for every 1% that the lesser-performing asset declines from its initial level.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying assets:	iShares MSCI EAFE exchange-traded fund and iShares MSCI Emerging Markets exchange-traded fund
Amount:	$3,532,000
Maturity:	July 2, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If least-performing asset return is greater than or equal to its initial level, $1,491 per $1,000 principal amount of notes; if least-performing asset falls by up to 20%, par; otherwise, 1% loss for every 1% that lesser-performing asset declines from its initial level
Initial levels:	$65.81 for EAFE ETF, $41.73 for EM ETF
Pricing date:	June 28
Settlement date:	July 6
Agent:	Goldman, Sachs & Co.
Fees:	0.425%
Cusip:	40054LGM0

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