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

By Angela McDaniels

Tacoma, Wash., April 29 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered equity index-linked notes tied 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 1.5 times any index gain, subject to a maximum payout of $1,480 to $1,570 per note. The exact cap will be set at pricing.

Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.

Goldman, Sachs & Co. is the underwriter.

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