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Goldman to price buffered index-linked digital notes tied to S&P 500
By Jennifer Chiou
New York, Jan. 3 - Goldman Sachs Group, Inc. plans to price 0% buffered index-linked digital notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes (Cusip: 38143UL82) will mature two years after issue.
If the index finishes at or above the initial level, investors will receive the threshold settlement amount of $1,162.50 and $1,190 per $1,000 principal amount. The exact digital payment will be set at pricing.
Investors will receive par for losses up to 20% and will be exposed to any losses beyond the 20% buffer.
Goldman Sachs & Co. is the underwriter.
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