Goldman Sachs to price absolute return notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Nov. 5 – Goldman Sachs Group, Inc. plans to price 0% notes due May 17, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,100 per $1,000 principal amount of notes.

If the index return is negative and the final index level is greater than or equal to 80% of the initial level, the payout will be par plus the absolute value of the index return.

If the final index level is less than 80% of the initial index level, investors will be fully exposed to the index’s decline.

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

The notes will price Nov. 6.

The Cusip number is 38148THS1.

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