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

By Susanna Moon

Chicago, April 25 - Goldman Sachs Group, Inc. plans to price 0% leveraged notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature 24 to 25 months after issue. The exact maturity will be set at pricing.

Payout at maturity will be par plus 1½ times any gain in the index, capped at 118% to 124% of par. Investors will receive par if the index falls by up to 10% and will share in losses at a rate of 1.1111% for each 1% decline beyond 10%.

The notes will price sometime in 2008.

Goldman, Sachs & Co. will be the underwriter.

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