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

By Jennifer Chiou

New York, Oct. 27 - Goldman Sachs Group, Inc. plans to price 0% digital buffered index-linked notes due 2016 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains or finishes flat, the payout at maturity will be par plus the greater of the index return and the threshold settlement amount of between $1,570 and $1,670 per $1,000 principal amount.

Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% decline in the index beyond 15%.

The exact terms for the notes (Cusip: 38143UZE4) will be set at pricing.

Goldman Sachs & Co. is the underwriter.

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