Goldman plans digital notes linked to SPDR S&P Oil & Gas fund

By Marisa Wong

Madison, Wis., Jan. 21 – Goldman Sachs Group, Inc. plans to price 0% digital notes due 13 to 16 months after issue linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is at least negative 15%, the payout at maturity will be par plus the maximum settlement amount, which is expected to be between $1,136 and $1,160 for each $1,000 face amount.

Otherwise, investors will share in losses at a rate of 1.1765% per 1% drop beyond 15%.

Goldman Sachs & Co. is the underwriter.

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