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

By Susanna Moon

Chicago, Aug. 31 - 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 mature 24 to 28 months after issue.

The payout at maturity will be par plus triple any index gain, up to a maximum settlement amount of $1,292.50 to $1,337.50 per note. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% drop beyond 10%.

Goldman, Sachs & Co. is the underwriter.

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