New Issue: Goldman Sachs prices $4.11 million notes tied to gold with 19.2% cap

By Susanna Moon

Chicago, Nov. 8 - Goldman Sachs Group, Inc. priced $4.11 million of 0% commodity-linked notes due Nov. 19, 2012 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.92 times any gain in the price of gold, up to a maximum return of $1,192 per $1,000 principal amount.

Investors will receive par if the price of gold falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as dealer.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Commodity-linked notes
Underlying commodity:	Gold
Amount:	$4,113,000
Maturity:	Nov. 19, 2012
Coupon:	0%
Price:	Variable
Payout at maturity:	Par plus 192% of any gain in gold price, capped at 19.2%; par if price falls by 10% or less; 1.1111% loss per 1% drop beyond 10%
Initial gold price:	$1,749
Pricing date:	Nov. 4
Settlement date:	Nov. 14
Underwriter:	Goldman Sachs & Co. with J.P. Morgan Securities LLC as dealer
Fees:	1.1%
Cusip:	38143UZK0

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