Goldman Sachs plans 18- to 21-month leveraged notes on Russell 2000

By Marisa Wong

Madison, Wis., Aug. 30 - Goldman Sachs Group, Inc. plans to price 0% leveraged notes linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The tenor of the notes is expected to be 18 to 21 months.

If the index return is positive, the payout at maturity will be par plus double the index return, subject to a maximum settlement amount of $1,230 to $1,270 per $1,000 principal amount of notes. If the index return is negative, investors will be fully exposed to the decline.

The exact deal terms will be set at pricing.

Goldman Sachs & Co. is the underwriter.

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