New Issue: GS Finance sells $2.15 million digital index-linked notes on Energy Select Sector

By Sarah Lizee

Olympia, Wash., May 14 – GS Finance Corp. priced $2.15 million of 0% digital index-linked notes due Dec. 22, 2021 linked to the Energy Select Sector index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index closes at or above 80% of its initial level, the payout at maturity will be $1,166.9 per $1,000 note.

Otherwise, investors will lose 1.25% for every 1% decline of the index beyond 20%.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital index-linked notes
Underlying index:	Energy Select Sector index
Amount:	$2,147,000
Maturity:	Dec. 22, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the index closes at or above buffer level, $1,166.9 per $1,000 note; otherwise, 1.25% loss for every 1% decline beyond buffer
Initial index level:	389.26
Buffer level:	80% of initial level
Pricing date:	May 12
Settlement date:	May 19
Underwriter:	Goldman Sachs & Co. LLC
Fees:	1.13%
Cusip:	40057EB63

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