Goldman lifts call premium for planned autocallable buffered notes on S&P 500, Russell 2000

By Jennifer Chiou

New York, Aug. 10 - Goldman Sachs Group, Inc. revised the call premium for its upcoming autocallable buffered index-linked notes linked to the worse of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the closing level of the worse performing index is at or above the initial level on any of five quarterly call observation dates, the notes will be automatically called at par plus a call premium that is expected to be between 3.5% and 4%. It was previously announced at 2.125%.

As already reported, the maturity is expected to be 18 months after issue.

If the notes are not called and the closing level of the worse performing index on a quarterly call observation date is at or above the trigger level - 70% of the initial level - investors will receive a coupon payment of 3.5% and 4% If the closing level of either index is below the trigger level on an observation date, no coupon will be paid for that quarterly period.

If the notes are not called and the final level of the worse performing index is greater than or equal to the trigger level, the payout at maturity will be par plus 3.5% and 4%. Otherwise, the payout will be par plus the return of the worse performing index.

The exact deal terms for the notes (Cusip: 38143UXR7) will be set at pricing.

Goldman Sachs & Co. is the agent.

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