GS Finance plans to sell buffered digital notes tied to S&P 500 index

By Devika Patel

Knoxville, Tenn., April 17 – GS Finance Corp. intends to price 0% buffered digital notes due Oct. 23, 2023 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 final index level is greater than or equal to 90% of the initial index level, the payout at maturity will be the greater of the threshold settlement amount and par plus the index return. The threshold settlement amount is expected to fall between $1,298.50 and $1,350 per $1,000 of notes and will be set at pricing.

Investors will receive par if the index declines by more than 10% but up to 25% and will lose 1% for each 1% decline beyond the 25% buffer.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40055AYB7) will price on April 18 and settle on April 23.

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