Goldman Sachs plans 0% buffered equity index-linked notes on S&P 500

By Angela McDaniels

Tacoma, Wash., Oct. 7 - Goldman Sachs Group, Inc. plans to price 0% buffered equity index-linked notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will mature six to seven months after issue.

If the index finishes at or above 80% of the initial level, the payout at maturity will be the maximum settlement amount of between $1,016 and $1,018 per $1,000 principal amount. Otherwise, investors will lose 1.25% for every 1% that the index declines beyond 20%.

The exact deal terms will be set at pricing.

Goldman, Sachs & Co. is the underwriter.

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