Goldman plans floaters linked to Dow Jones-UBS Energy Total Return

By Jennifer Chiou

New York, June 3 - Goldman Sachs Group, Inc. plans to price 13-month floating-rate notes linked to the Dow Jones-UBS Energy Total Return sub-index, according to a 424B2 filing with the Securities and Exchange Commission.

The index is a sub-index of the Dow Jones-UBS Commodity Index Total Return, which is an index of futures contracts on three energy-related commodity contracts: crude oil, heating oil, natural gas and unleaded gasoline.

The quarterly interest rate will be equal to Libor minus a to-be-determined spread.

The payout at maturity will be par plus three times the index return less triple the 91-day Treasury bill amount minus a fee of 0.63% per year. Investors will share in any losses.

The notes will be automatically called if the index finishes at or below 85% of the initial level on any trading day. Holders may also put back the notes in whole.

The notes will price in June and settle on June 10.

Goldman Sachs & Co. is the underwriter.

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