New Issue: GS Finance sells $860,000 buffered digital notes linked to Euro Stoxx

By Marisa Wong

Morgantown, W.Va., April 24 – GS Finance Corp. priced $860,000 of 0% buffered digital notes due April 6, 2023 tied to the Euro Stoxx 50 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 zero or positive, the payout at maturity will be the greater of the threshold settlement amount, $1,380 per $1,000 principal amount, and par plus the index return.

If the index return is negative but not below negative 40%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 40%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered digital notes
Underlying index:	S&P 500
Amount:	$860,000
Maturity:	April 6, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is zero or positive, par plus greater of 38% and index return; if the index return is negative but not below negative 40%, par; otherwise, investors will lose 1% for every 1% that the index declines beyond 40%
Initial index level:	3,346.93
Pricing date:	April 3
Settlement date:	April 6
Underwriter:	Goldman, Sachs & Co.
Fees:	4.85%
Cusip:	40055AT80

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