New Issue: GS Finance prices $1.69 million digital notes on Dow, S&P, Russell

By Marisa Wong

Morgantown, W.Va., Feb. 26 – GS Finance Corp. priced $1.69 million of 0% digital notes due Aug. 23, 2024 linked to the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the return of each underlier is at least negative 30%, the payout at maturity will be the maximum settlement amount of $1,600 per $1,000 of notes.

Otherwise, investors will lose 1% for every 1% decline of the least-performing underlier from its initial level.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying assets:	Dow Jones industrial average, S&P 500 index and Russell 2000 index
Amount:	$1.69 million
Maturity:	Aug. 23, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each underlier is at least negative 30%, par plus 60%; otherwise, 1% loss for every 1% decline of the least-performing underlier from its initial level
Initial levels:	25,219.38 for Dow, 2,732.22 for S&P and 1,543.551 for Russell
Pricing date:	Feb. 16
Settlement date:	Feb. 26
Agent:	Goldman Sachs & Co. LLC
Fees:	0.375%
Cusip:	40055AFE2

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