New Issue: GS Finance sells $262,000 digital notes on S&P 500, Russell 2000

By Marisa Wong

Morgantown, W.Va., April 4 – GS Finance Corp. priced $262,000 of 0% digital notes due April 1, 2024 linked to the S&P 500 index and 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 return of each index is zero or positive, the payout at maturity will be the maximum settlement amount, $1,630 per $1,000 of notes.

If the return of each index is at least negative 30%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline of the lesser-performing index from its initial level.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying assets:	S&P 500 index and Russell 2000 index
Amount:	$262,000
Maturity:	April 1, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus 63%; if the return of each index is at least negative 30%, par; otherwise, 1% loss for every 1% decline of the lesser-performing index from its initial level
Initial levels:	2,588.26 for S&P and 1,510.083 for Russell
Pricing date:	March 23
Settlement date:	March 29
Agent:	Goldman Sachs & Co. LLC
Fees:	3.625%
Cusip:	40055ANW3

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