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Goldman Sachs plans leveraged index-linked notes tied to Russell 2000
By Toni Weeks
San Luis Obispo, Calif., Oct. 15 - Goldman Sachs Group, Inc. plans to price 0% leveraged index-linked notes tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature 18 to 21 months after pricing.
If the index return is positive, the payout at maturity will be par plus double the gain in the index, subject to a maximum payment of $1,215 to $1,245 per $1,000 principal amount. The exact maximum payment will be determined at pricing.
Investors will be fully exposed to losses if the index falls.
Goldman Sachs & Co. will be the agent.
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