New Issue: GS Finance prices $37.96 million digital notes linked to S&P 500

By Marisa Wong

Los Angeles, Feb. 5 – GS Finance Corp. priced $37.96 million of 0% digital notes due Nov. 3, 2022 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 greater than or equal to negative 10%, the payout at maturity will be the maximum settlement amount of $1,142 per $1,000 of notes.

Otherwise, investors will lose 1.1111% for every 1% index decline beyond 10%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying index:	S&P 500 index
Amount:	$37,955,000
Maturity:	Nov. 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 10%, par plus 14.2%; otherwise, 1.1111% loss for every 1% index decline beyond 10%
Initial level:	3,773.86
Pricing date:	Feb. 1
Settlement date:	Feb. 8
Agent:	Goldman Sachs & Co. LLC
Fees:	1.11%
Cusip:	40057FAP9

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