Goldman Sachs plans leveraged buffered notes with cap tied to S&P 500

By Toni Weeks

San Luis Obispo, Calif., Jan. 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 21 and 24 months after pricing.

The payout at maturity will be par plus 200% of any index gain, up to a maximum settlement amount of $1,130 to $1,152 for each $1,000 principal amount.

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

Goldman Sachs & Co. is the underwriter.

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