New Issue: GS Finance prices $21.11 million digital notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 20 – GS Finance Corp. priced $21.11 million of 0% digital notes due April 19, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the threshold level, 75% of the initial index level, the payout at maturity will be par plus 15.35%.

Otherwise, investors will lose 1.33333% for every 1% that the index declines beyond 25%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$21,108,000
Maturity:	April 19, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than or equal to the initial index level, par plus 15.35%; if the index falls by up to 25%, par; 1.3333% loss for every 1% that the index declines beyond 25%
Initial level:	2,398.1
Pricing date:	March 18
Settlement date:	March 25
Agent:	Goldmans Sachs & Co. LLC
Fees:	0.91%
Cusip:	40056YV76

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