Goldman plans relative performance notes linked to sector indexes, S&P

By Angela McDaniels

Tacoma, Wash., Feb. 12 - Goldman Sachs Group, Inc. plans to price 0% relative performance notes due March 4, 2015 linked to the performance of the S&P 500 index and a basket of three S&P sector indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Select Sector Technology index, the Select Sector Financials index and the Select Sector Industrials index.

The sector average return will be the average of the returns of the three sector indexes.

If the sector average return and the S&P 500 return are both positive, the payout at maturity will be par plus 108% of the sector average return.

If the sector average return is positive but the S&P 500 return is negative, the payout will be par plus 108% of the sector average return minus the S&P 500 return.

If the sector average return and the S&P 500 return are both negative, the payout will be par minus 1% for every 1% that the S&P 500's final level is less than its initial level.

If the sector average return is negative but the S&P 500 return is positive, the payout will be par.

The final level of each index will be the average of its closing levels on the five trading days ending Feb. 27, 2015.

Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.

The notes are expected to price Feb. 14 and settle Feb. 20.

The Cusip number is 38147QNP7.

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