Goldman Sachs plans 16.8% autocallables linked to gold mining stocks

By Angela McDaniels

Tacoma, Wash., Oct. 9 - Goldman Sachs Group, Inc. plans to price 16.8% autocallable lesser performing equity-linked notes linked to the common stocks of Barrick Gold Corp., Goldcorp Inc. and Newmont Mining Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The tenor of the notes is expected to be about 12 months.

Interest will be payable monthly.

The notes will be called at par if the closing share price of each stock on any call observation date is greater than or equal to its initial share price. The call observation dates are expected to be the fifth scheduled trading day prior to each interest payment date, commencing in February 2014 and ending in September 2014.

If the notes are not called and the closing share price of each stock remains at or above 60% of its initial share price throughout the life of the notes, the payout at maturity will be par. Otherwise, the payout will be par plus the return of the lowest-performing stock, subject to a maximum payout of par.

The initial share prices will be set at pricing and may be higher or lower that the stocks' actual closing share prices on the pricing date.

The notes will price in October.

Goldman Sachs & Co. is the underwriter.

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