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Published on 1/23/2019 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $815,000 digital notes tied to Euro Stoxx 50 index

By Sarah Lizee

Olympia, Wash., Jan. 23 – GS Finance Corp. priced $815,000 of 0% digital notes due Jan. 20, 2021 linked 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 greater than or equal to negative 10%, the payout at maturity will be $1,191.4 per $1,000 of notes. Otherwise, investors will lose 1.1111% for every 1% that the index declines below 90% of its initial level.

Goldman Sachs & Co. is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Digital notes
Underlying index:Euro Stoxx 50 index
Amount:$815,000
Maturity:Jan. 20, 2021
Coupon:0%
Price:Par
Payout at maturity:If index return is greater than or equal to negative 10%, $1,191.4 per $1,000 of notes; otherwise, 1.1111% loss for every 1% that index declines below 90% of initial level
Initial index level:3,069.35
Pricing date:Jan. 17
Settlement date:Jan. 25
Agent:Goldman Sachs & Co.
Fees:1.65%
Cusip:40056ESJ8

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