Goldman Sachs increases leverage of buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., June 5 - Goldman Sachs Group, Inc. amended its upcoming 36-month 0% leveraged buffered index-linked notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.05 times to 1.2 times the index return. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

Previously, the upside participation rate was expected to be 1 times to 1.15 times.

In addition, the initial index level is now expected to be the closing level of the index on the pricing date. Before the amendment, the initial index level was going to be set on the pricing date and could have been higher or lower than the actual closing level of the index.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 38143U3P4.

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