Goldman Sachs plans to price buffered equity notes linked to S&P 500

By Toni Weeks

San Diego, Oct. 21 - Goldman Sachs Group, Inc. plans to price 0% buffered equity index-linked notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The maturity date is expected to be 13 to 15 months after issue.

If the final index level is equal to or greater than 75% of the initial level, the payout at maturity will equal the maximum settlement amount, which is expected to be between $1,065 and $1,075 per $1,000 principal amount. The exact maximum settlement amount will be determined at pricing.

If the index falls by more than 25%, investors will lose 1.3333% for every 1% drop beyond the 25% buffer.

Goldman Sachs & Co. is the underwriter.

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