New Issue: GS Finance prices $981,000 buffered digital notes on Russell 2000

By William Gullotti

Buffalo, N.Y., July 19 – GS Finance Corp. priced $981,000 of 0% buffered digital index-linked notes due July 2, 2025 linked to 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 final level of the index is greater than or equal to its final buffer value, 85% of its initial level, the payout at maturity will be par plus 23.7%.

Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered digital index-linked notes
Underlying index:	Russell 2000 index
Amount:	$981,000
Maturity:	July 2, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater or equal to 85% of its initial level, par plus 23.7%; if the index falls by more than 15%, 1% loss for every 1% decline beyond 15%
Initial index level:	1,771.742
Buffer value:	85% of initial level
Pricing date:	June 27
Settlement date:	June 30
Underwriter:	Goldman Sachs & Co. LLC
Fees:	2.8%
Cusip:	40057MAE9

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