Goldman plans leveraged autocallable notes with cap linked to S&P 500

By Toni Weeks

San Diego, Nov. 20 - Goldman Sachs Group, Inc. plans to price 0% leveraged autocallable notes due Dec. 10, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a 6.6% call premium if the closing index level on any call observation date is equal to or greater than 104.4% of the initial level. The call observation dates will be each Thursday from March 7 to Nov. 28, 2013, inclusive.

If the notes are not called and the index return is positive, the payout at maturity will be par plus 150% of the gain, subject to a maximum settlement of $1,066 for each $1,000 principal amount.

Investors will be exposed to any losses.

Goldman Sachs & Co. is the underwriter with JPMorgan as the agent.

The notes will price on Nov. 21 and settle Nov. 27.

The Cusip number is 38141GJT2.

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