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

By Susanna Moon

Chicago, March 11 – GS Finance Corp. plans to price 0% leveraged buffered notes due in 48 to 51 months linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,382.50 to $1,450.00 for each $1,000 principal amount.

Investors will receive par if the index falls by up to 30% and will lose 1.4286% for every 1% decline beyond 30%.

The exact deal terms, including maturity date and cap, will be set at pricing.

Goldman, Sachs & Co. is the agent.

The notes are guaranteed by Goldman Sachs Group, Inc.

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