Goldman Sachs plans autocallable contingent coupon notes on Raytheon

By Marisa Wong

Morgantown, W.Va., March 3 – Goldman Sachs Group, Inc. plans to price autocallable contingent coupon equity-linked notes due March 22, 2017 linked to the common stock of Raytheon Co., according to a 424B2 filed with the Securities and Exchange Commission.

If the stock closes at or above 80% of its initial price on a quarterly determination date, the notes will pay a contingent coupon of $25.00 for each $1,000 principal amount that quarter.

If the stock closes at or above its initial price on any quarterly determination date, the notes will be called at par plus the contingent coupon for that period.

If the notes are not called and the stock return is at least negative 20%, the payout at maturity will be $1,025 per $1,000 principal amount. Otherwise, investors will be fully exposed to the share price decline.

Goldman Sachs & Co. and J.P. Morgan Securities LLC are the agents.

The notes are expected to price on March 4 and settle on March 9.

The Cusip number is 38148TM71.

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