Goldman Sachs to price buffered digital notes tied to Russell

By Toni Weeks

San Luis Obispo, Calif., April 1 - Goldman Sachs Group, Inc. plans to price 0% buffered index-linked digital notes due April 29, 2016 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be the maximum settlement amount of $1,160 to $1,170 per $1,000 of notes.

Investors will receive par if the index declines by up to 20% and will lose 1% for each 1% that the index declines beyond 20%.

The notes (Cusip: 38141GRV8) are expected to price April 26 and settle April 30.

Goldman Sachs & Co. is the underwriter.

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