New Issue: Goldman Sachs prices $2.05 million digital notes tied to SPDR S&P Oil

By Susanna Moon

Chicago, Dec. 28 – Goldman Sachs Group, Inc. priced $2.05 million of 0% digital notes due Jan. 26, 2017 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes at or above the 85% barrier level, the payout at maturity will be $1,162.50 per $1,000 principal amount of notes.

Otherwise, investors will lose 1.1765% for every 1% decline beyond 15%.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying fund:	SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$2.05 million
Maturity:	Jan. 26, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If fund return is greater than or equal to negative 15%, $1,162.50 per $1,000 principal amount of notes; otherwise, 1.1765% loss for every 1% decline beyond 15%
Initial level:	$29.02
Barrier level:	85% of initial level
Pricing date:	Dec. 22
Settlement date:	Dec. 30
Underwriter:	Goldman Sachs & Co.
Fees:	0.9%
Cusip:	38148TKR9

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