Goldman Sachs plans buffered digital notes linked to S&P 500

By Susanna Moon

Chicago, May 20 – GS Finance Corp. plans to price 48- to 51-month 0% buffered digital notes 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 finishes at or above its initial level, the payout at maturity will be par plus the greater of the index gain and the threshold settlement amount, which is expected to be between $1,260 and $1,305 for each $1,000 principal amount. The exact digital return will be set at pricing.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

The exact maturity date and digital return will be set at pricing.

Goldman Sachs & Co. is the agent.

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