Goldman Sachs plans to price leveraged buffered notes tied to S&P 500

By Toni Weeks

San Diego, Aug. 24 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered index-linked notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature 25 to 29 months after issue.

The payout at maturity will be par plus 1.5 times any gain in the index, subject to a maximum payment of $1,363.75 to $1,427.50 per $1,000 note. The exact maximum payment will be set at pricing.

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

Goldman Sachs & Co. is the underwriter.

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