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

By Jennifer Chiou

New York, Oct. 25 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered index-linked notes due Nov. 15, 2012 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains, the payout at maturity will be par plus double the index return, subject to a maximum payment of $1,170 per $1,000 principal amount.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline in the index beyond 10%.

The notes (Cusip: 38143UYU9) are expected to price on Oct. 28 and settle on Nov. 2.

Goldman Sachs & Co. is the underwriter.

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