Goldman plans trigger return optimization notes linked to Russell 2000

By Toni Weeks

San Luis Obispo, Calif., April 23 – Goldman Sachs Group, Inc. plans to price 0% trigger return optimization securities due April 30, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 1.5 times the index return, subject to a maximum settlement amount of $13.70 to $14.00 per $10 principal amount of notes. If the index return is zero or negative and the final index level is greater than or equal to the trigger level, 75% of the initial index level, the payout will be par. If the final index level is less than the trigger level, investors will have full exposure to the index’s decline.

The exact terms will be set at pricing.

Goldman Sachs & Co. is the agent.

The notes are expected to price April 27 and settle April 30.

The Cusip number is 38148W151.

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