Goldman Sachs plans return optimization notes linked to S&P 500

By Toni Weeks

San Luis Obispo, Calif., May 5 – Goldman Sachs Group, Inc. plans to price 0% return optimization securities due June 30, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum settlement amount of $11.00 to $11.20 per $10 principal amount of notes. The exact cap will be set at pricing. Investors will be fully exposed to any losses if the index declines.

The notes (Cusip: 38148W250) are expected to price May 26 and settle May 29.

Goldman Sachs & Co. is the agent.

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