GS Finance plans digital notes with 80% threshold linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Sept. 14 – GS Finance Corp. plans to price 0% 21- to 24-month digital notes linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index finishes at or above the 80% threshold level, the payout at maturity will be the maximum settlement amount of $1,064 to $1,075 for each $1,000 principal amount. The exact cap will be set at pricing.

Otherwise, investors will lose 1.25% for every 1% decline beyond 20%.

Goldman Sachs & Co. is the underwriter.

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