Goldman Sachs plans digital notes with 85% trigger linked to S&P 500

By Susanna Moon

Chicago, Nov. 2 - Goldman Sachs Group, Inc. plans to price 0% digital notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will mature between 13 and 15 months after pricing.

If the index finishes at or above 85% threshold level, the payout at maturity will be the maximum settlement amount of $1,060 to $1,070 for each $1,000 principal amount. The exact digital return will be set at pricing.

Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.

Goldman Sachs & Co. is the underwriter.

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