New Issue: GS Finance sells $2.93 million digital notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Jan. 13 – GS Finance Corp. priced $2.93 million of 0% digital index-linked notes due Feb. 11, 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 85% of its initial level, the payout at maturity will be par plus 4.1%.

If the index return is below negative 15%, investors will lose 1% for every 1% decline of the index beyond 15%.

Goldman Sachs & Co. LLC is the underwriter. JPMorgan is the placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital index-linked notes
Underlying index:	S&P 500
Amount:	$2,925,000
Maturity:	Feb. 11, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to 85% of initial level, par plus 4.1%; otherwise, exposure to losses beyond 15%
Initial level:	3,253.05
Pricing date:	Jan. 8
Settlement date:	Jan. 13
Underwriter:	Goldman, Sachs & Co. LLC
Placement agent:	JPMorgan
Fees:	0.35%
Cusip:	40056YA95

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