Goldman Sachs plans to price commodity-linked notes tied to gold

By Toni Weeks

San Diego, Nov. 30 - Goldman Sachs Group, Inc. plans to price 0% commodity-linked notes due Dec. 14, 2012 tied to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 163% of any increase in the price of gold, subject to a maximum payment of $1,163.00 per $1,000 principal amount of notes.

Investors will receive par if the price of gold falls by up to 15% and will lose 1.1765% for every 1% drop in the price beyond 15%.

The notes (Cusip: 38143UH87) are expected to settle Dec. 9.

Goldman Sachs & Co. will be the underwriter, and J.P. Morgan Securities LLC will be the agent.

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