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GS Finance to sell buffered digital notes linked to the S&P 500 index
By Devika Patel
Knoxville, Tenn., Jan. 23 – GS Finance Corp. plans to price 0% 48- to 51-month buffered digital notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The exact maturity will be set at pricing.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be the greater of the threshold settlement payment of between $1,098.60 and $1,115.90 per $1,000 of notes and par plus the index return. The exact threshold settlement payment will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for each 1% decline beyond the 10% buffer.
Goldman Sachs & Co. is the agent.
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