Goldman Sachs plans contingent coupon buffered notes tied to S&P 500

By Marisa Wong

Madison, Wis., May 30 - Goldman Sachs Group, Inc. plans to price contingent coupon buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature between 18 and 21 months after issue.

If the index return on a quarterly observation date is greater than or equal to negative 5%, the notes will pay a coupon that quarter equal to $20.00 to $23.50 per $1,000 principal amount of notes. If the index return is less than negative 5%, no coupon will be paid that quarter. The exact interest rate will be set at pricing.

The payout at maturity will be par unless the index falls by more than 15%, in which case investors will lose 1.1765% for every 1% decline beyond the 15% buffer.

Goldman, Sachs & Co. is the agent.

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