Goldman Sachs plans to price buffered digital notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., July 31 - Goldman Sachs Group, Inc. plans to price 0% buffered digital medium-term notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The tenor of the notes is expected to be 18 to 21 months.

The payout at maturity will be par plus the maximum settlement amount if the index return is greater than or equal to negative 20%. The maximum settlement amount is expected to be $1,075.00 to $1,087.50 per $1,000 principal amount of notes. Otherwise, investors will lose 1.25% for every 1% that the index declines beyond 20%.

The exact maturity date and maximum settlement amount will be set at pricing.

Goldman Sachs & Co. is the underwriter.

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