New Issue: GS Finance prices $18.08 million buffered digital notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 13 – GS Finance Corp. priced $18.08 million of 0% buffered digital index-linked notes due May 11, 2023 tied 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.

The payout at maturity will be $1,114 per $1,000 principal amount of notes if the final index level is greater than or equal to 90% of the initial level. Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$18.08 million
Maturity:	May 11, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	$1,114 per $1,000 principal amount of notes if final index level is greater than or equal to 90% of initial level; otherwise, 1.1111% loss for every 1% that index declines beyond 10%
Initial index level:	4,232.6
Buffer level:	90% of initial level
Pricing date:	May 7
Settlement date:	May 14
Agent:	Goldman Sachs & Co. LLC
Fees:	1.1%
Cusip:	40057HAK6

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