Goldman Sachs to price leveraged buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Oct. 27 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered equity index-linked notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will have a tenor of 33 to 39 months.

The payout at maturity will be par plus double any index gain, subject to a maximum payout of $1,700 to $2,000 per $1,000 principal amount. The exact cap will be set at pricing.

Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that the index declines beyond 20%.

Goldman, Sachs & Co. is the underwriter.

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