New Issue: GS Finance sells $5.23 million digital notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 12 – GS Finance Corp. priced $5.23 million of 0% digital index-linked notes due Nov. 9, 2021 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is greater than or equal to negative 25%, the payout will be par plus 8.98%.

If the index return is less than negative 25%, investors will lose 1.3333% for every 1% index decline beyond 25%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$5,227,000
Maturity:	Nov. 9, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, finishes flat or falls by up to 25%, par plus 8.98%; otherwise, 1.3333% for every 1% index decline beyond 25%
Initial index level:	2,868.44
Pricing date:	May 5
Settlement date:	May 12
Agent:	Goldman Sachs & Co. LLC
Fees:	1.08%
Cusip:	40057E4P9

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