Goldman Sachs to price leveraged buffered notes tied to S&P 500

By Marisa Wong

Madison, Wis., Jan. 8 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered 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 between 24 and 27 months after the issue date.

If the index return is positive, the payout at maturity will be par plus 1.5 times the gain, subject to the maximum settlement amount of $1,217.50 to $1,255.00 per $1,000 principal amount.

If the index falls by up to 10%, the payout will be par. If the index falls by more than 10%, investors will lose 1.1111% for every 1% drop beyond 10%.

The final index level will be the average of the closing levels of the index on the five averaging dates ending Jan. 24, 2014.

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

The notes are expected to price on Jan. 11 and settle on Jan. 16.

The Cusip number is 38141GMA9.

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