Goldman plans autocallable contingent coupon notes on Halliburton

By Jennifer Chiou

New York, Jan. 9 - Goldman Sachs Group, Inc. plans to price autocallable contingent coupon notes due Jan. 28, 2015 linked to the common stock of Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.

If Halliburton 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 10.1%.

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: 38147QCT1) will price on Jan. 10 and settle on Jan. 15.

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

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