Goldman to price one-year leveraged notes linked to Russell 2000

By Toni Weeks

San Luis Obispo, Calif., May 19 – Goldman Sachs Group, Inc. plans to price 0% leveraged notes due June 8, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, subject to a maximum settlement amount of $1,183 per $1,000 principal amount of notes.

Investors will be fully exposed to any decline in the index.

The final index level will be the average of the closing index levels on the five trading days ending June 3, 2016.

Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as placement agent.

The notes (Cusip: 38148T3S6) are expected to price May 22 and settle May 28.

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