GS Finance to price contingent coupon autocallables on Bank of America

By Marisa Wong

Morgantown, W.Va., Nov. 21 – GS Finance Corp. plans to price autocallable contingent coupon notes due Dec. 12, 2018 linked to the common stock of Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the stock closes at or above 76% of its initial price on a quarterly coupon determination date, the notes will pay a contingent coupon per $1,000 principal amount equal to (a) $25 times the number of coupon determination dates that have occurred up to and including the current coupon determination date minus (b) the sum of all coupons previously paid.

The notes will be called at par if the stock closes at or above its initial price on any coupon determination date.

The payout at maturity will be par of $1,000 plus a coupon equal to $100 minus the sum of all coupons previously paid, if any, unless the stock finishes below 76% of its initial price, in which case the payout will be par plus the stock return with full exposure to losses.

Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.

The notes will price Nov. 22.

The Cusip number is 40055A4Z7.

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