Goldman Sachs to price leveraged index-linked notes tied to S&P 500

By Toni Weeks

San Diego, Oct. 19 - Goldman Sachs Group, Inc. plans to price 0% leveraged index-linked notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature 24 to 28 months after pricing.

If the index return is positive, the payout at maturity will be par plus 1.5 times the gain in the index, subject to a maximum payment of $1,168.75 to $1,195.00 per $1,000 principal amount. Investors will be fully exposed to losses if the index falls.

The initial index level will be the lowest closing level of the index during the first three calendar months after pricing.

Goldman Sachs & Co. is the agent.

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