Goldman Sachs to price leveraged buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., April 16 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The tenor of the notes is expected to be 24 to 27 months.

The payout at maturity will be par plus double any index gain, subject to a maximum settlement amount of $1,170 to $1,180. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

The exact maturity date and maximum settlement amount will be set at pricing.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 38147K802.

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