Goldman plans contingent coupon autocallables due 2017 tied to indexes

By Susanna Moon

Chicago, Aug. 10 – GS Finance Corp. plans to price autocallable contingent coupon notes due Dec. 1, 2017 linked to the Russell 2000 index and the S&P 500 index, 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 coupon at an annual rate of 6.75% to 7.75% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any quarterly determination date.

The payout at maturity will be par plus the contingent coupon unless either index falls and either ever closes below 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing index.

Goldman Sachs & Co. is the underwriter.

The notes will price on Aug. 29 and settle on Aug. 31.

The Cusip number is 40054KHG4.

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