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Published on 4/25/2008 in the Prospect News Structured Products Daily.

Goldman Sachs plans 0% notes linked to four currencies

By Laura Lutz

Des Moines, April 25 - Goldman Sachs Group, Inc. plans to price one-year 0% notes linked to a basket of four currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of equal weights of the Malaysia ringgit, the Singaporean dollar, the Brazilian real and the Russian ruble, each against the U.S. dollar.

If the final basket return is less than positive 3%, the payout at maturity will be 98% of par.

If the basket return is at least 3% but less than a digital payment amount, the payout at maturity will be par times the sum of the digital payment amount and 98%.

The digital payment amount is expected to be at least 15%.

If the basket return is at least the digital payment amount, the payout will be par plus the sum of basket return and 98%.

Goldman, Sachs & co. is the underwriter.


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