Goldman Sachs plans leveraged notes due 2020 with cap tied to S&P 500

By Susanna Moon

Chicago, March 24 - Goldman Sachs Group, Inc. plans to price 0% leveraged notes due June 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The final index level with be the arithmetic average of the closing levels of the index on each of the averaging dates, expected to be on the 25th of each March, June, September and December, beginning June 25.

The payout at maturity will be par plus 1.25 times any index gain, up to a maximum settlement amount of $1,600 for each $1,000 principal amount.

If the index falls, the payout will be $1,105 per $1,000 of notes.

Goldman Sachs & Co. is the underwriter.

The notes will price on March 25 and settle on March 28.

The Cusip number is 38147QXK7.

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