Goldman plans leveraged notes with cap, 90% trigger tied to S&P 500

By Susanna Moon

Chicago, Nov. 29 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will mature between 24 and 27 months after pricing, with the exact deal terms to be set at pricing.

The payout at maturity will be par plus 150% of any index gain, up to a maximum settlement amount of $1,135.00 to $1,157.50 for each $1,000 principal amount.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 38147H486.

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