By Marisa Wong
Morgantown, W.Va., March 21 – GS Finance Corp. priced $1.21 million of 0% buffered digital notes due April 17, 2019 linked to the SPDR S&P Bank exchange-traded fund, 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 zero or positive, the payout at maturity will be the maximum settlement amount of $1,114.30 per $1,000 principal amount of notes.
If the index return is negative but not below negative 10%, the payout will be par. If the index return is below negative 10%, investors will lose 1.1111% for every 1% that the index declines beyond 10%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered digital notes
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| Underlying ETF: | SPDR S&P Bank ETF
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| Amount: | $1.21 million
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| Maturity: | April 17, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is zero or positive, par plus 11.43%; par if index falls by up to 10%; 1.1111% loss for every 1% decline beyond 10%
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| Initial price: | $50.59
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| Pricing date: | March 15
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| Settlement date: | March 22
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.85%
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| Cusip: | 40055ASN8
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