Goldman plans to price trigger notes linked to the price of gold

By Marisa Wong

Madison, Wis., Sept. 28 - Goldman Sachs Group, Inc. plans to price 0% commodity-linked trigger notes due Oct. 14, 2011 tied to the spot price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

A trigger event occurs if the price of gold falls to or below 80% of the initial price at any time during the life of the notes.

If a trigger event occurs and the gold return is positive, the payout at maturity will be par plus the gold return, up to the maximum settlement amount of $1,165 per $1,000 note.

If a trigger event does not occur and the gold return is positive, the payout will be par plus the greater of 5% and the gold return, up to the maximum settlement amount.

If a trigger event does not occur and the gold return is between zero and negative 20%, the payout will be par.

If a trigger event occurs and the gold return is zero or negative, the payout will be par plus the gold return.

Goldman, Sachs & Co. is the underwriter.

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