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Published on 7/8/2019 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $441,000 digital notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., July 8 – GS Finance Corp. priced $441,000 of 0% digital notes due June 30, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 15%, the payout at maturity will be $1,155 per $1,000 principal amount of notes. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Digital notes
Underlying index:Russell 2000
Amount:$441,000
Maturity:June 30, 2022
Coupon:0%
Price:Par
Payout at maturity:If index return is greater than or equal to negative 15%, $1,155 per $1,000 principal amount of notes; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial level:1,521.035
Pricing date:June 25
Settlement date:June 28
Underwriter:Goldman Sachs & Co. LLC
Fees:3.05%
Cusip:40056FKF1

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