Goldman plans 13- to 16-month digital notes linked to Russell 2000

By Jennifer Chiou

New York, Feb. 24 – Goldman Sachs Group, Inc. plans to price 0% 13- to 16-month digital notes linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 80% of its initial level, the payout at maturity will be par plus the maximum settlement amount, which is expected to be $1,035 to $1,041 for each $1,000 principal amount.

Otherwise, investors will be exposed to any losses at a rate of 1.25% per 1% decline beyond 20%.

Goldman, Sachs & Co. is the agent.

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