Goldman Sachs planning 0% leveraged notes linked to S&P 500 index

By Wendy Van Sickle

Columbus, Ohio, Oct. 13 – The Goldman Sachs Group, Inc. plans to price 0% leveraged notes linked to the S&P 500 Index, according to a 424B2 filed with the Securities and Exchange Commission.

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

If the index return is positive, the payout at maturity will be par plus three times the index return, subject to a maximum settlement amount that is expected to be $1,237 to $1,276 per $1,000 principal amount. If the index return is negative, investors will be fully exposed to the decline.

The exact terms will be set at pricing.

Goldman Sachs & Co. is the underwriter.

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