Goldman plans digital notes with 75% trigger linked to S&P, Russell

By Susanna Moon

Chicago, Jan. 4 – GS Finance Corp. plans to price digital notes due July 31, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above the 75% threshold level, the payout at maturity will be the maximum settlement amount of $1,100 to $1,150 for each $1,000 principal amount. The exact cap will be set at pricing.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

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

The notes will price on Jan. 26 and settle on Jan. 31.

The Cusip number is 40054KST4.

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