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

By Angela McDaniels

Tacoma, Wash., Sept. 10 - Goldman Sachs Group, Inc. plans to price 0% buffered index-linked notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will mature 15 to 18 months after issue.

The payout at maturity will be par plus any positive index return, subject to a maximum return of 16.5% to 19% that will be set at pricing. Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.

Goldman, Sachs & Co. is the underwriter.

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