GS Finance plans PLUS due 2017 with cap and leverage tied to S&P 500

By Devika Patel

Knoxville, Tenn., May 12 – GS Finance Corp. plans to price 0% Performance Leveraged Upside Securities due Sept. 6, 2017 linked to the S&P 500 index, according to an FWP filed with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus triple any gain in the index, up to a maximum return of 13.95%.

Investors will lose 1% for every 1% loss.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 36250Y163) will price on May 31 and settle three business days after pricing.

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