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Goldman plans buffered index-linked digital notes on Russell 2000
By Marisa Wong
Madison, Wis., April 9 - Goldman Sachs Group, Inc. plans to price 0% index-linked digital notes tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will mature between 13 and 15 months after issue.
If the index finishes at or above the 80% threshold level, the payout at maturity will be the threshold settlement amount of between $1,058.50 and $1,068.50 for each $1,000 principal amount of notes. The exact digital payment will be set at pricing.
Otherwise, investors will lose 1.25% for each 1% decline beyond 20%.
Goldman Sachs & Co. is the underwriter.
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