New Issue: Goldman prices $886,000 six-year digital notes tied to S&P 500, Russell

By Susanna Moon

Chicago, Aug. 23 – GS Finance Corp. priced $886,000 of 0% digital index-linked notes due Aug. 25, 2023 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be the maximum settlement amount of $1,660 for each $1,000 principal amount.

Investors will receive par if either index falls by up to 30% and will lose 1% for each 1% decline of the worse performing index if it finishes below the 70% trigger level.

Goldman Sachs Group, Inc. is the guarantor.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying assets:	S&P 500 index and Russell 2000 index
Amount:	$886,000
Maturity:	Aug. 25, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 66%; if each index falls by no more than 30%, par; otherwise, 1% loss per 1% decline of worse performing index
Initial levels:	2,425.55 for S&P and 2,425.55 for Russell
Trigger levels:	70% of initial levels
Pricing date:	Aug. 18
Settlement date:	Aug. 25
Agent:	Goldman Sachs & Co. LLC
Fees:	3.625%
Cusip:	40054LMX9

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