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

By Toni Weeks

San Luis Obispo, Calif., April 29 - 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 notes are expected to mature 21 to 24 months after pricing.

If the index return is positive, the payout at maturity will be par plus 1.3 times the index return, subject to a maximum settlement amount of $1,143.00 to $1,167.70 that will be set at pricing.

If the index falls by up to 10%, the payout will be par. Investors will lose 1.1111% for every 1% index decline beyond the 10% buffer.

Goldman Sachs & Co. is the underwriter.

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