GS Finance eyes buffered digital notes tied to S&P MidCap 400 index

By Sarah Lizee

Olympia, Wash., Jan. 4 – GS Finance Corp. intends to price 0% buffered digital notes due in 36 months linked to the S&P MidCap 400 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 142.5% of the initial index level, the payout at maturity will be the maximum settlement amount of $1,425 for each $1,000 face amount of notes.

If the final index level is greater than or equal to 80% of the initial index level but is less than 142.5% of the initial index level, the payout will be par plus the greater of 10% and the index return.

If the index declines by more than 20%, investors will lose 1.25% for every 1% that the final index level has declined below 80% of the initial index level.

Goldman Sachs & Co. is the agent.

The Cusip number is 40056ERP5.

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