Goldman revises terms of planned digital notes linked to Russell 2000

By Jennifer Chiou

New York, Jan. 31 - Goldman Sachs Group, Inc. updated the payout terms of its planned 0% digital notes linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will price between 13 and 15 months after pricing.

If the index finishes at or above the 85% trigger level, the payout at maturity will be par plus the maximum settlement amount of $1,055 to $1,065 for each $1,000 principal amount, revised from $1,065 to $1,075.

Otherwise, investors will lose 1.1765% for each 1% decline in the index beyond 15%.

The exact deal terms for the notes (Cusip: 38141GHR8) will be set at pricing.

Goldman Sachs & Co. is the underwriter.

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