Goldman updates payout terms for digital notes linked to Russell 2000

By Marisa Wong

Madison, Wis., June 5 - Goldman Sachs Group, Inc. updated the terms of its upcoming 0% index-linked digital notes tied to the Russell 2000 index, according to an amended 424B2 filing with the Securities and Exchange Commission.

Goldman Sachs changed the description of the 13-month securities (Cusip: 38143U3R0) from buffered index-linked digital notes and amended the payout at maturity.

If the index finishes at or above 85% of the initial level, investors will receive the threshold settlement amount, which is expected to be between $1,077.50 and $1,090.00, increased from between $1,072.50 and $1,085.00, per $1,000 principal amount.

Previously, investors would only receive the threshold settlement amount if the index finishes at or above the initial level and would receive par if the index falls by up to 15%.

As before, investors will be exposed to any losses beyond the 15% buffer.

Goldman Sachs & Co. is the underwriter.

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