New Issue: GS Finance sells $425,000 digital index-linked notes due 2022 on Russell

By Sarah Lizee

Olympia, Wash., Dec. 31 – GS Finance Corp. priced $425,000 of 0% digital index-linked notes due Dec. 29, 2022 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 index closes at or above 85% of its initial level, the payout at maturity will be $1,142.5 per $1,000 note.

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:	Digital index-linked notes
Underlying index:	Russell 2000 index
Amount:	$425,000
Maturity:	Dec. 29, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the index closes at or above 85% of its initial level, $1,142.5 per $1,000 note; otherwise, 1% loss for every 1% that the index declines beyond 15%
Initial index level:	1,674.141
Trigger buffer level:	85% of initial level
Pricing date:	Dec. 23
Settlement date:	Dec. 27
Underwriter:	Goldman Sachs & Co. LLC
Fees:	3.05%
Cusip:	40056XSG2

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