GS Finance plans autocallable contingent coupon notes on BofA

By Devika Patel

Knoxville, Tenn., March 28 – GS Finance Corp. plans to price autocallable contingent coupon notes due April 18, 2018 linked to Bank of America Corp. common shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly payment at an annualized rate of 10% if the shares close at or above the 72.45% threshold level on the observation date for that quarter.

The notes will be automatically called at par plus the contingent coupon if the stock closes at or above the initial price on any observation date.

The payout at maturity will be par plus the final coupon unless the shares finish below the 72.45% threshold level, in which case investors will lose 1% for each 1% decline from the initial stock price.

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

The notes (Cusip: 40054L3G7) will price on March 31 and settle April 5.

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