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

By Devika Patel

Knoxville, Tenn., Nov. 30 – GS Finance Corp. plans to price 0% digital notes due Dec. 24, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If the index return is greater than or equal to 90% of the original level, the payout at maturity will be the maximum settlement amount, which is expected to be between $1,115 and $1,125 per $1,000 of notes and will be set at pricing. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40056EK56) will price on Dec. 21 and settle on Dec. 27.

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