Goldman changes dates for range accrual notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., March 13 – Goldman Sachs Group, Inc. changed the dates for its upcoming callable monthly Russell 2000 index-linked range accrual notes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are now expected to price March 24, settle March 27, become callable March 27, 2016 and mature March 27, 2030. Prior to the change, they were expected to price March 26, settle March 31, become callable March 31, 2016 and mature March 31, 2030.

The remaining terms are unchanged.

As previously reported, the interest rate will be the interest factor multiplied by the proportion of days on which the index’s closing level is greater than or equal to 75% of the initial index level. The interest factor will be 8% per year for the first 84 monthly interest payment dates and 9% per year for the final 96 monthly interest payment dates.

If the index return is greater than or equal to negative 40%, the payout at maturity will be par. Otherwise, investors will be fully exposed to the index’s decline.

The notes will be callable at par on any interest payment date beginning March 27, 2016.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 38147QWZ5.

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