Output voltage is set by two resistors R1 and R2 connected as shown below. The voltage across R1 is a constant 1.25 volts and the adjustment terminal current is less than 100uA. The output voltage can be closely approximated from Vout=1.25 * (1+(R2/R1)) which ignores the adjustment terminal current but will be close if the current through R1 and R2 is many times greater. A minimum load of about 10mA is required, so the value for R1 can be selected to drop 1.25 volts at 10mA or 120 ohms. Link