New Issue: GS Finance prices $1.32 million digital notes on MSCI EAFE ETF

By Devika Patel

Knoxville, Tenn., Dec. 24 – GS Finance Corp. priced $1.32 million of 0% digital notes due Jan. 22, 2024 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the final share price is greater than or equal to the initial level, the payout at maturity will be par of $10 plus the fund gain. If the fund declines, but finishes at or above its trigger buffer level, 70% of the initial share price, the payout at maturity will be par. If the final share price is less than the trigger buffer level, investors will lose 1% for each 1% decline of the fund from its initial level.

Goldman, Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying ETF:	iShares MSCI EAFE
Amount:	$1,319,000
Maturity:	Jan. 22, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final share price is greater than or equal to initial level, par plus gain; if fund falls, but finishes above downside threshold, par; otherwise, 1% loss for each 1% decline of fund from initial level
Initial share price:	$68.69
Trigger buffer level	70% of initial share price
Pricing date:	Dec. 6
Settlement date:	Dec. 11
Underwriter:	Goldman, Sachs & Co.
Fees:	0.35%
Cusip:	40056XVL7

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