Goldman Sachs to price notes linked to Turkish lira versus dollar

By Angela McDaniels

Tacoma, Wash., June 4 - Goldman Sachs Group, Inc. plans to price 0% currency-linked notes due June 21, 2013 linked to the Turkish lira, according to a 424B2 filing with the Securities and Exchange Commission.

The issuer said that by purchasing the notes, investors take the view that the lira will appreciate in value against the dollar over the life of the notes.

If the currency return is greater than or equal to negative 20%, the payout at maturity will be par plus the greater of the currency return and 10.5%. If the currency return is less than negative 20%, investors will be fully exposed to the decline from the initial exchange rate.

The notes (Cusip: 38143UX63) are expected to price June 8 and settle June 15.

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

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