GS Finance to price 13-month digital notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, June 15 – GS Finance Corp. plans to price 13-month 0% digital notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If the index return is greater than or equal to negative 15%, the payout at maturity will be equal to the maximum settlement amount, which is expected to be $1,060 to $1,065 per $1,000 principal amount of notes and will be set at pricing. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 40054KE51.

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