Goldman plans three-year annual reset coupon notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Oct. 27 - Goldman Sachs Group, Inc. plans to price three-year buffered annual reset coupon equity index-linked notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable annually and will equal the maximum coupon rate if the index's return for that year is positive or zero. The maximum coupon rate is expected to be 7.5% to 8% and will be set at pricing. Otherwise, the coupon will be the 2% for that year. Each year, the index's return will be measured from the preceding annual observation date.

The payout at maturity will be par unless the final index level is less than 80% of the initial index level, in which case investors will lose 1% for every 1% that the index declines below the buffer.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 38143UYV7.

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