Goldman plans leveraged buffered notes on Industrial Select Sector

By Toni Weeks

San Luis Obispo, Calif., March 18 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered notes due linked to the Industrial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature 22 to 25 months after pricing.

The payout at maturity will be par plus 1.5 times any fund gain, subject to a maximum settlement of $1,146.25 to $1,172.50 per $1,000 of notes, with the exact maximum payout to be set at pricing.

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

Goldman Sachs & Co. is the underwriter.

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