Goldman Sachs plans leveraged buffered notes linked to S&P 500 index

By Jennifer Chiou

New York, July 12 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered index-linked notes due July 22, 2011 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, subject to a maximum return of 18.9%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

The notes are expected to settle on July 15.

Goldman, Sachs & Co. is the underwriter with J.P. Morgan Securities Inc. as co-agent.

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