Goldman plans contingent coupon autocallables tied to S&P 500, Russell

By Susanna Moon

Chicago, Dec. 4 – Goldman Sachs Group, Inc. plans to price autocallable contingent coupon index-linked notes due Dec. 10, 2018, linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a continent quarterly coupon of at an annual rate of 5.55% if each index closes at or above its coupon trigger level, 50% of its initial level, on the coupon determination date for that quarter.

The notes will be called at par plus the coupon if each index closes at or above its initial level on any review date.

The payout at maturity will be par plus any contingent coupon unless either index finishes below the 50% trigger level, in which case investors will be fully exposed to any losses in the worse performing index.

Goldman, Sachs & Co. is the agent.

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

The Cusip number is 38148TK73.

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