Goldman Sachs plans to price buffered equity notes on S&P 500 index

By Toni Weeks

San Diego, July 15 - 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 maturity date is expected to be 48 to 52 months after the issue date.

If the final index return is at least negative 15%, the payout at maturity will be par plus the greater of the index return and the threshold settlement amount of $1,240 to $1,265 per $1,000 principal amount. The exact threshold payment will be determined at pricing.

Investors will lose 1% for every 1% decline beyond 15%.

Goldman Sachs & Co. is the underwriter.

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