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

By Angela McDaniels

Tacoma, Wash., Dec. 14 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered 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 is expected to be 18 to 21 months.

The payout at maturity will be par plus two times any increase in the index, subject to a maximum payout of $1,238 to $1,280 per $1,000 principal amount of notes. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

The exact maturity date and maximum payment will be set at pricing.

The notes will price and settle in December.

Goldman Sachs & Co. is the underwriter.

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