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Goldman Sachs plans to price digital notes linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., July 12 - Goldman Sachs Group, Inc. plans to price 0% digital notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The tenor of the notes is expected to be 13 to 15 months.
If the final index level is at least 90% of the initial index level, the payout at maturity will be the maximum settlement amount, which is expected to be $1,045.00 to $1,052.50 per $1,000 principal amount and will be set at pricing.
If the final index level is less than 90% of the initial index level, investors will lose 1.1111% for every 1% that the index declines beyond 10%.
Goldman Sachs & Co. is the underwriter.
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