Goldman Sachs to price return optimization notes tied to Russell 2000

By Tali Rackner

Norfolk, Va., Oct. 30 – Goldman Sachs Group, Inc. plans to price 0% return optimization securities due Dec. 30, 2016 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 plus three times the index return, subject to a maximum settlement amount that is expected to be $11.50 to $11.70 per $10 principal amount of notes and will be set at pricing.

If the index return is negative, investors will experience a loss proportionate to the index’s decline.

Goldman Sachs & Co. is the underwriter.

The notes are expected to price Nov. 24 and settle Nov. 30.

The Cusip number is 38148X506.

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