New Issue: Goldman Sachs prices $15 million notes with 20% barrier linked gold

By Angela McDaniels

Tacoma, Wash., Dec. 30 - Goldman Sachs Group, Inc. priced $15 million of 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 110% of any percentage increase in the price of gold, subject to a maximum payout of $1,550 per $1,000 principal amount of notes. If the price of gold falls by up to 20%, the payout will be par. If the price falls by more than 20%, investors will be fully exposed to the percentage decline from the initial price.

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

Issuer:	Goldman Sachs Group, Inc.
Issue:	Commodity-linked notes
Underlier:	Gold
Amount:	$15 million
Maturity:	July 8, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 110% of any increase in price of gold, subject to maximum payout of $1,550 per $1,000 principal amount of notes; par if price of gold falls by up to 20%; full exposure to decline if price falls by more than 20%
Initial gold price:	$1,571
Pricing date:	Dec. 28
Settlement date:	Jan. 5
Underwriter:	Goldman Sachs & Co. with J.P. Morgan Securities LLC as dealer
Fees:	0.15%
Cusip:	38143UK83

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