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

By Toni Weeks

San Luis Obispo, Calif., Sept. 17 – Goldman Sachs Group, Inc. plans to price 0% leveraged notes due Oct. 7, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, subject to a maximum settlement amount of $1,131 per $1,000 principal amount of notes.

Investors will be exposed to any losses.

The final index level will be the average of the closing index levels on the five trading days ending Oct. 2, 2015.

The notes (Cusip: 38147QHC3) are expected to price Sept. 19 and settle Sept. 24.

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

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