Goldman plans digital notes due 2020 with 90% trigger tied to Stoxx

By Susanna Moon

Chicago, Aug. 20 – GS Finance Corp. plans to price 0% digital notes due in 24 to 27 months linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 90% threshold level, the payout at maturity will be par plus the threshold settlement amount of $1,172.00 to $1,202.20 for each $1,000 principal amount.

Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.

The guarantor is Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

The Cusip number is 40055QTL6.

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