GS Finance plans 24- to 27-month leveraged buffered notes on S&P 500

By Marisa Wong

Morgantown, W.Va., Sept. 6 – GS Finance Corp. plans to price 0% 24- to 27-month leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,172.05 to $1,202.20 for each $1,000 principal amount. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

Goldman Sachs & Co. is the underwriter.

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