Goldman plans leveraged notes with potential add-on tied to S&P 500

By Susanna Moon

Chicago, Dec. 21 – GS Finance Corp. plans to price 0% leveraged notes due in 56 to 65 weeks linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus double any index gain, up to a maximum settlement amount of between $1,109.20 and $1,128.40 per $1,000 principal amount.

If the index closes at or above 2,400, the threshold level, on any day during the observation period through March 31, 2017, the payout will include a supplemental amount of $50.00 for each $1,000 par amount. As of Dec. 16, the threshold represented about 106.29% of the closing level of the index.

Investors will be exposed to any losses.

Goldman Sachs & Co. is the agent.

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