Goldman Sachs plans buffered PLUS due 2018 with cap linked to S&P 500

By Susanna Moon

Chicago, May 13 – GS Finance Corp. plans to price buffered Performance Leveraged Upside Securities due Dec. 5, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par of $10 plus 200% of any index gain, up to a cap of $12.03 per PLUS. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.

Goldman, Sachs & Co. is the underwriter with Morgan Stanley Wealth Management as dealer.

The notes will price on May 31.

The Cusip number is 36250Y171.

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