Goldman Sachs changes index underlying buffered notes to Russell 2000

By Angela McDaniels

Tacoma, Wash., Oct. 22 - Goldman Sachs Group, Inc. changed the underlying index for its upcoming 0% buffered notes to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Previously, the notes were expected to be linked to the S&P 500 index.

The tenor of the notes is still expected to be 13 to 14 months. The exact maturity date will be set at pricing.

If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,100 per $1,000 principal amount of notes. If the index declines by 10% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 38147QF68.

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