Goldman Sachs plans contingent coupon buffered notes on Russell 2000

By Marisa Wong

Madison, Wis., Aug. 23 - Goldman Sachs Group, Inc. plans to price contingent coupon buffered notes linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature five years after issue.

If the index return on a quarterly observation date is greater than or equal to between negative 40% and negative 32%, the notes will pay a coupon that quarter equal to $12.50 per $1,000 principal amount of notes. If the index return is less than between negative 40% and negative 32%, no coupon will be paid that quarter. The exact coupon trigger level will be set at pricing.

The payout at maturity will be par unless the index finishes below the initial level by more than 32% to 40%, in which case investors will lose between 1.4706% and 1.6667% for every 1% decline beyond the 32% to 40% buffer. The exact buffer and buffer rate will be set at pricing.

Goldman, Sachs & Co. is the agent.

The Cusip number is 38147QQS8.

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