Correction: Goldman plans buffered notes on 70% S&P 500, 30% MSCI EAFE

A story in the Jan. 20 edition of the Prospect News Structured Products Daily misstated the basket weighting of the underlying indexes in Goldman Sachs Group, Inc.'s buffered basket-linked notes. A corrected version of the story follows.

By Susanna Moon

Chicago, Jan. 21 - Goldman Sachs Group, Inc. plans to price 0% buffered basket-linked notes based on a basket of two indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 70% weight and the MSCI EAFE index with a 30% weight.

The maturity is expected to be between 42 and 48 months after issue.

The payout at maturity will be par plus any basket gain.

Investors will receive par if the basket falls by up to 25% and will lose 1.3333% for every 1% decline beyond 25%.

The exact deal terms will be set at pricing.

Goldman Sachs & Co. is the underwriter.

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