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Goldman Sachs plans to price digital notes linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Aug. 20 – Goldman Sachs Group, Inc. plans to price five-year 0% digital notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to between negative 26% and negative 30%, the payout at maturity will be $1,280 per $1,000 principal amount of notes. Otherwise, investors will lose 1.3514% to 1.4286% for every 1% that the index declines beyond the buffer amount.
The exact terms will be set at pricing.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 38148TCY3.
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