GS Finance plans digital notes due 2022 on Financial Select Sector

By Sarah Lizee

Olympia, Wash., Jan. 11 – GS Finance Corp. intends to price 0% digital notes due Jan. 25, 2022 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the ETF return is greater an or equal to 80% of its initial level, the payout at maturity will be the maximum settlement amount, which is expected to be $1,300 for each $1,000 of notes.

Otherwise, investors will lose 1% for each 1% decline in the ETF from its initial level.

Goldman Sachs & Co. is the agent.

The notes will price on Jan. 18.

The Cusip number is 40056ETP3.

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