New Issue: Goldman prices $5.11 million digital notes linked to iShares MSCI EM

By Angela McDaniels

Tacoma, Wash., Nov. 6 – Goldman Sachs Group, Inc. priced $5.11 million of 0% digital notes due Dec. 30, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is greater than or equal to negative 10%, the payout at maturity will be $1,100 per $1,000 principal amount of notes. Otherwise, investors will lose 1.1111% for every 1% that the ETF declines beyond 10%.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$5,114,000
Maturity:	Dec. 30, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is greater than or equal to negative 10%, $1,100 per $1,000 principal amount of notes; otherwise, 1.1111% loss for every 1% that ETF declines beyond 10%
Initial share price:	$35.74
Pricing date:	Nov. 4
Settlement date:	Nov. 12
Underwriter:	Goldman Sachs & Co.
Fees:	0.86%
Cusip:	38148THN2

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