Goldman Sachs to price leveraged notes on S&P Banks Select Industry

By Wendy Van Sickle

Columbus, Ohio, July 7 – GS Finance Corp. plans to price 0% leveraged notes due in 18 to 21 months linked to the S&P Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by the Goldman Sachs Group, Inc.

The payout at maturity will be par plus double any index gain, up to a maximum settlement amount of $1,242 to $1,284 for each $1,000 of notes. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% loss in the index beyond 10%.

Goldman Sachs & Co. is the agent.

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