Goldman Sachs plans 0% buffered equity index-linked notes on S&P 500

By Marisa Wong

Madison, Wis., Oct. 12 - Goldman Sachs Group, Inc. plans to price 15-month 0% buffered equity index-linked notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be the maximum settlement amount of $1,100 per $1,000 principal amount.

If the index falls by the buffer amount or less, the payout will be par. The buffer amount is expected to be between 10% and 15%.

Otherwise, investors will lose 1% for every 1% decline beyond the buffer.

The exact deal terms for the notes (Cusip: 38143UNL1) will be set at pricing.

Goldman, Sachs & Co. is the underwriter.

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