By Marisa Wong
Madison, Wis., Dec. 24 - Goldman Sachs Group, Inc. priced $1.4 million of autocallable contingent coupon notes due Jan. 6, 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 11.6%.
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.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying stock: | Halliburton Co. (Symbol: HAL)
|
| Amount: | $1,395,000
|
| Maturity: | Jan. 6, 2015
|
| Coupon: | 11.6% per year, payable quarterly if Halliburton shares close at or above trigger level on a quarterly review date
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above trigger level, par plus coupon; otherwise, investors will be fully exposed to stock's decline from its initial price
|
| Call: | Automatically at par plus coupon if shares close at or above initial share price on any review date other than final review date
|
| Initial price: | $50.54
|
| Trigger level: | 80% of initial price
|
| Pricing date: | Dec. 20
|
| Settlement date: | Dec. 26
|
| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 1.1%
|
| Cusip: | 38147Q7E0
|
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