Goldman Sachs plans trigger leveraged notes with cap linked to S&P 500

By Susanna Moon

Chicago, Oct. 16 – Goldman Sachs Group, Inc. plans to price 0% trigger leveraged notes due Nov. 4, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 2 to 3 times any index gain, depending on whether a trigger event has occurred, up to a maximum settlement amount for each $1,000 principal amount.

If the lowest closing level of the index during the observation period, from pricing through Jan. 19, 2015, is above 95% of the initial index level, the upside participation rate will be 2 times and the maximum settlement amount will be $1,121.

Otherwise, the upside participation rate will be 3 times and the maximum settlement amount will be $1,181.50.

Investors will be exposed to any losses.

Goldman Sachs & Co. is the underwriter, with JPMorgan as placement agent.

The notes will price on Oct. 17 and settle on Oct. 22.

The Cusip number is 38147QKZ8.

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