Goldman Sachs pushes out dates, revises trigger level for range accrual notes linked to S&P 500

By Toni Weeks

San Luis Obispo, Calif., May 31 - Goldman Sachs Group, Inc. pushed out the maturity, pricing and settlement dates for its planned issue of callable monthly Libor and S&P 500 index-linked range accrual notes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will now mature June 28, 2028 rather than May 31, 2028.

In addition, they will price June 26 and settle June 28 instead of May 29 and May 31, respectively.

Interest is payable monthly. The interest rate will be 8.5% multiplied by the proportion of days on which Libor is 6% or less and the index closes at or above 75% of the initial index level, dropped from the previously stated 80% trigger level.

The payout at maturity will be par if the final index level is at least 50% of the initial level. Otherwise, investors will be fully exposed to losses from the initial index level.

The notes will be callable at par on any interest payment date beginning June 28, 2014, pushed out from May 31, 2014.

Goldman Sachs & Co. is the underwriter.

The Cusip is 38141GTU8.

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