GS Finance to price digital notes linked to S&P 500, Russell 2000

By Marisa Wong

Morgantown, W.Va., Nov. 13 – GS Finance Corp. plans to price 0% digital notes due Nov. 27, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the return of each index is zero or positive, the payout at maturity will be the maximum settlement amount, which is expected to be $1,605 and $1,655 per $1,000 of notes and will be set at pricing.

If either index falls but the return of each index is at least negative 30%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline of the lesser-performing index from its initial level.

Goldman Sachs & Co. is the underwriter.

The notes will price on Nov. 17.

The Cusip number is 40054LYR9.

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