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

By Angela McDaniels

Tacoma, Wash., Sept. 2 - Goldman Sachs Group, Inc. plans to price 0% buffered equity index-linked notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will mature 13 to 15 months after issuance.

The payout at maturity will be par plus a fixed return of 7.5% to 8.5% if the final index level is greater than or equal to the buffer level, which is 80% of the initial level. Otherwise, investors will lose 1.25% for every 1% that the final index level is below the buffer level.

The exact deal terms will be set at pricing.

Goldman, Sachs & Co. is the underwriter.

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