Goldman Sachs plans 24-month buffered notes linked to S&P 500 index

By Marisa Wong

Morgantown, W.Va., Sept. 3 – Goldman Sachs Group, Inc. plans to price 0% 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 24 months after pricing.

If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,205 to $1,235 for each $1,000 of notes.

If the index return is zero or negative but not below negative 15%, the payout will be par.

If the index return is below the buffer amount, investors will lose 1% for every 1% that the index declines beyond the buffer amount.

Goldman, Sachs & Co. is the agent.

The Cusip number is 38148TE88.

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