Goldman Sachs to price leveraged buffered notes linked to S&P 500

By Toni Weeks

San Luis Obispo, Calif., Oct. 7 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature 24 to 27 months after pricing.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum settlement amount of $1,145 to $1,190 per $1,000 principal amount of notes.

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

Goldman Sachs & Co. is the underwriter.

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