GS Finance plans digital notes on Dow, S&P 500, Russell 2000 indexes

By Devika Patel

Knoxville, Tenn., May 12 – GS Finance Corp. plans to price 0% digital notes due May 20, 2020 linked to the Dow Jones Industrial Average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index finishes at or above its initial level, the payout at maturity will be the greater of the threshold settlement amount of $1,345 per $1,000 of notes and the least-performing index’s return. If any index falls, but the worst performer finishes above the 70% trigger buffer level, the payout at maturity will be par.

Otherwise, investors will lose 1% for every 1% decline of the worst-performing index from its initial level.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40054LCK8) will price on May 15 and settle on May 18.

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