Goldman plans autocallable contingent coupon notes on three stocks

By Jennifer Chiou

New York, Sept. 26 – Goldman Sachs Group, Inc. plans to price 18-month autocallable contingent coupon equity-linked notes linked to the worst performing of the common stocks of Apple Inc., International Business Machines Corp. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon of between $17.85 and $21.00 for each $1,000 of notes if each stock closes at or above 65% of the initial share price on the determination date for that quarter. Otherwise, holders will not receive the contingent interest payment for that quarter.

The notes will be automatically called at par plus the coupon if each stock closes at or above its initial share price on any quarterly determination date beginning in December 2014 and ending in December 2015.

If the notes are not automatically called and the share price of each stock is greater than or equal to 65% of the initial price on every trading day during the life of the notes, the payout at maturity will be par plus the final coupon.

If any stock closes below 65% of its initial price on any day during the life of the notes, the return on the notes will be the lesser of zero and the return of the worst performing stock.

The Cusip is 38147QJ98.

Goldman, Sachs & Co. is the underwriter.

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