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

By Jennifer Chiou

New York, April 23 - 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 tenor of the notes will be 24 to 27 months.

The payout at maturity will be par plus 150% of any index gain, up to a maximum payout of between $1,405 and $1,480 per $1,000 principal amount of notes. The exact cap will be set at pricing.

Investors will receive par if the index declines by 20% or less and will lose 1.25% for every 1% that the index declines beyond 20%.

Goldman, Sachs & Co. is the underwriter.

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