Goldman plans autocallable underlier notes on Euro Stoxx, FTSE, Topix

By Marisa Wong

Milwaukee, April 6 - Goldman Sachs Group, Inc. plans to price 0% autocallable underlier notes due May 12, 2011 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying indexes are the Euro Stoxx 50 index with a 52% weight, the FTSE 100 index with a 24% weight and the Topix index with a 24% weight.

The notes will be automatically called at $1,070 per $1,000 principal amount if the index basket gains by 7% or more on any observation day, which will be every Monday of each week beginning on April 19.

A knock-out event occurs if the basket closes at less than 80% of the initial level during the life of the notes.

If a knock-out event occurs, investors will receive par plus the basket return at maturity.

If a knock-out event does not occur, investors will receive par plus the greater of a contingent minimum return of 0% and the basket return.

There is a maximum gain of 7%.

The notes are expected to price April 9 and settle April 14.

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

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