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

By Marisa Wong

Madison, Wis., Oct. 27 – 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 tenor of the notes is expected to be 24 to 27 months.

If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum settlement amount that is expected to be $1,169.50 to $1,198 per $1,000 principal amount of notes and will be set at pricing.

Investors will receive par if the index falls by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.

Goldman Sachs & Co. is the underwriter.

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