Goldman plans contingent income autocallables on United Continental

By Susanna Moon

Chicago, Nov. 14 – GS Finance Corp. plans to price contingent income autocallable securities due Nov. 24, 2017 linked to United Continental Holdings, Inc. shares, 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 13.45% if the stock closes 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 the shares close at or above the initial price on any of the first three determination dates.

The payout at maturity will be par of $10 plus the final coupon unless the shares finish below the 75% downside threshold level, in which case investors will be fully exposed to any losses.

Goldman Sachs & Co. is the underwriter.

The notes will price on Nov. 18.

The Cusip number is 36251U251.

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