Goldman Sachs plans leveraged buffered notes linked to S&P 500

By Jennifer Chiou

New York, March 19 - 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 term is expected to be 18 to 21 months.

The payout at maturity will be par plus 1.5 times any index gain, capped at 13.125% to 15.375%. Investors will receive par if the index falls by up to 7.5% and will lose 1.0811% for every 1% that it declines beyond 7.5%.

Goldman Sachs & Co. is the underwriter.

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