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

By Toni Weeks

San Luis Obispo, Calif., March 3 – Goldman Sachs Group, Inc. plans to price 0% leveraged notes due March 30, 2016 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 double any index gain, subject to a maximum settlement amount of $1,134 per $1,000 principal amount of notes.

Investors will be exposed to any losses.

The final index level will be the average of the closing index levels on the five trading days ending March 24, 2016.

The notes (Cusip: 38147QW44) are expected to price March 6 and settle March 11.

Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the placement agent.

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