GS Finance plans to price digital notes linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., May 2 – GS Finance Corp. plans to price 12- to 14-month 0% 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.

If the index return is greater than or equal to negative 15%, the payout at maturity will be equal to the maximum settlement amount, which is expected to be $1,050 to $1,058 per $1,000 principal amount of notes. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.

The exact maturity and maximum settlement amount will be set at pricing.

Goldman Sachs & Co. is the underwriter.

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