Goldman raises cap in planned leveraged index-linked notes on S&P 500

By Jennifer Chiou

New York, Nov. 9 - Goldman Sachs Group, Inc. lifted the maximum settlement amount in its planned offering of 0% leveraged index-linked notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

As announced, the notes are expected to mature two years after pricing.

A knock-out event occurs if the closing level of the index falls below 74% to 76% of the initial level on any trading day during the life of the notes. The exact trigger level will be set at pricing.

If the index return is zero or positive, the payout at maturity will be par plus 1.5 times the gain in the index, subject to the maximum payment, which is expected to be $1,250 per $1,000 principal amount, up from $1,200.

If the index return is negative and a knock-out event has not occurred, the payout will be par plus the absolute value of the index return.

If the index return is negative and a knock-out event has occurred, the payout will be par plus the index return, with full exposure to losses.

The Cusip is 38141GHT4.

Goldman Sachs & Co. is the agent.

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