GS Finance plans digital notes due 2019 on SPDR S&P Regional Banking

By Sarah Lizee

Olympia, Wash., Oct. 11 – GS Finance Corp. intends to price 0% digital notes due Oct. 30, 2019 linked to the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the ETF return is greater an or equal to its initial level, the payout at maturity will be the maximum settlement amount, which is expected to be $1,112.6 for each $1,000 of notes.

If the ETF falls by up to 20%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline in the ETF.

Goldman Sachs & Co. is the agent with JPMorgan as placement agent.

The notes will price on Oct. 12.

The Cusip number is 40056EAR9.

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