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

By Sarah Lizee

Olympia, Wash., Nov. 8 – GS Finance Corp. intends to price 0% buffered digital notes due Nov. 18, 2021 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 the initial index level, the payout at maturity will be the threshold settlement amount of $1,230 per $1,000 of notes.

Investors will receive par if the index declines by up to 20% and will lose 1% for every 1% that the index declines beyond the buffer.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40056EGE2) will price on Nov. 13 and settle on Nov. 16.

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