Goldman plans contingent coupon autocallables linked to stock basket

By Susanna Moon

Chicago, Aug. 8 - Goldman Sachs Group, Inc. plans to price autocallable contingent coupon notes due May 7, 2014 linked to a basket of 20 equally weighted common stocks and American Depositary Shares, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket closes at or above the trigger level, 70% of the initial level, on a quarterly review date, the notes will pay a coupon of $7.50 and $8.80 per $1,000 of notes for that quarter. The exact contingent coupon will be set at pricing.

If the basket closes at or above the initial level on any review date other than the final review date, the notes will be called at par plus the coupon.

If the notes have not been called and the basket finishes at or above the trigger level, the payout at maturity will be par plus the coupon.

Otherwise, investors will lose 1.4286% for each 1% decline beyond 30%.

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

The Cusip is 38147QMN3.

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