Goldman Sachs plans to price autocallable notes tied to three indexes

By Angela McDaniels

Tacoma, Wash., Nov. 23 - Goldman Sachs Group, Inc. plans to price 0% autocallable underlier-linked notes due Sept. 7, 2010 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Dow Jones Euro Stoxx 50 index with a 49% weight, the Topix index with a 28% weight and the FTSE 100 index with a 23% weight.

If the basket closes at or above 107% of its initial level on any call observation date, the notes will be automatically called at par plus 7%. The observation dates will be Wednesday of each week and will include the final valuation date.

If the notes are not called and the basket closes below 84.9% of its initial level on any day during the life of the notes, the payout at maturity will be par plus the basket return. Otherwise, the payout will be par plus the greater of 2% and the basket return.

The notes are expected to price Nov. 26 and settle Dec. 1.

Goldman, Sachs & Co. is the underwriter with J.P. Morgan Securities Inc. as co-agent.

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