Goldman plans autocallable contingent coupon notes linked to eBay

By Jennifer Chiou

New York, April 18 - Goldman Sachs Group, Inc. plans to price autocallable contingent coupon notes due May 7, 2014 linked to the common stock of eBay Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If eBay shares close at or above the trigger level, 80% of the initial share price, on a quarterly review date, the notes will pay a coupon that quarter at an annualized rate of 13.2%.

If the shares close at or above the initial share price on any review date other than the final review date, the notes will be automatically called at par plus the coupon.

If the notes have not been called and the stock finishes at or above the trigger level, the payout at maturity will be par plus the coupon. Otherwise, investors will be fully exposed to the stock's decline from its initial price.

The notes (Cusip: 38141GSK1) will price on April 19 and settle on April 24.

Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.

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