Goldman amends maturity, issue date for range accrual notes on Russell

By Marisa Wong

Madison, Wis., Aug. 30 - Goldman Sachs Group, Inc. amended the maturity date and pricing date for its planned callable buffered monthly Russell 2000 index-linked range accrual notes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes (Cusip: 38147QKN5) will mature on Sept. 30, 2028 instead of Aug. 30, 2028 and will now price on Sept. 26 and settle on Sept. 30. The notes were previously slated to price on Aug. 28 and settle on Aug. 30.

The interest rate will be 8% multiplied by the proportion of days on which the index closes at or above the trigger level, which is expected to be 70% of the initial level. Interest is payable monthly.

The payout at maturity will be par if the index finishes at or above 50% of its initial level. Otherwise, investors will be exposed to losses beyond the 50% buffer.

The notes will be callable at par on any interest payment date beginning after one year.

Goldman Sachs & Co. is the underwriter.

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