Goldman Sachs plans 0% notes linked to S&P 500 index

By Laura Lutz

Des Moines, April 4 - The Goldman Sachs Group, Inc. plans to price on offering of 0% enhanced-participation notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to have a tenor of 15 months.

The payout at maturity will be par plus between 1.14% and 1.18% for every 1% gain on the index, capped at a maximum appreciation of the index that will be between 7% and 9% appreciation of the index, with the exact percentages to be determined at pricing.

If the final index level declines by 5% or less, the payout will be par. Investors will lose about 1.0526% for each 1% decline beyond 5%.

Goldman, Sachs & Co. will be the underwriter.

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