GS Finance to price contingent income autocallable notes on BofA

By Wendy Van Sickle

Columbus, Ohio, Sept. 19 – GS Finance Corp. plans to price contingent income autocallable securities due Sept. 28, 2017 linked to the common stock of Bank of America Corp., according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 9.5% if the shares close at or above the 75% downside threshold level on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if Bank of America shares close at or above the initial price on any of the first three coupon determination dates.

The payout at maturity will be par plus the final coupon unless the shares finish below the downside threshold level, in which case investors will lose 1% for each 1% decline.

Goldman Sachs & Co. is the underwriter.

The notes (Cusip: 36250Y700) will price on Sept. 23 and settle three business days after pricing.

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