GS Finance plans 24- to 27-month buffered notes tied to S&P 500 index

By Marisa Wong

Morgantown, W.Va., Dec. 29 – GS Finance Corp. plans to price 0% leveraged buffered notes with a term of 24 to 27 months 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 any index gain, up to a maximum settlement amount of $1,227.50 to $1,267.50 per $1,000 of notes.

Investors will receive par if the index falls by 15% or less and will lose 1.1765% for every 1% decline in the index beyond 15%.

Goldman Sachs & Co. is the agent.

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