Goldman Sachs plans 0% 18-month notes with 55% cap linked to gold

By Susanna Moon

Chicago, Dec. 27 - Goldman Sachs Group, Inc. plans to price 0% commodity-linked notes due July 8, 2013 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 1.1 times any gain in the price of gold, up to a maximum settlement amount of $1,550 for each $1,000 principal amount.

Investors will receive par if the gold price falls by up to 20% and will be exposed to losses from the initial level if the price of gold drops more than 20%.

Goldman Sachs & Co. is the underwriter, and J.P. Morgan Securities LLC is the placement agent.

The notes will settle on Jan. 5.

The Cusip number is 38143UK83.

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