New Issue: GS Finance prices $974,000 digital notes linked to S&P, Russell

By Angela McDaniels

Tacoma, Wash., May 1 – GS Finance Corp. priced $974,000 of 0% digital notes due May 26, 2023 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 each index return is greater than or equal to negative 30%, the payout at maturity will be $1,495 per $1,000 principal amount of notes. Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$974,000
Maturity:	May 26, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index return is greater than or equal to negative 30%, $1,495 per $1,000 principal amount of notes; otherwise, 1% loss for every 1% that lesser-performing index declines beyond 30%
Initial index levels:	2,381.73 for S&P 500 and 1,367.330 for Russell 2000
Pricing date:	May 19
Settlement date:	May 26
Underwriter:	Goldman Sachs & Co.
Fees:	3.375%
Cusip:	40054LC85

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