New Issue: Goldman prices $2.99 million commodity-linked notes tied to gold

By Jennifer Chiou

New York, Jan. 17 - Goldman Sachs Group, Inc. priced $2,985,000 of 0% commodity-linked notes due Jan. 25, 2013 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 170% of any increase in the price of gold, subject to a maximum payment of $1,170 per $1,000 principal amount of notes.

Investors will receive par if the price of gold falls by up to 10% and will lose 1.1111% for every 1% drop in the price beyond 10%.

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

Issuer:	Goldman Sachs Group, Inc.
Issue:	Commodity-linked notes
Underlier:	Gold
Amount:	$2,985,000
Maturity:	Jan. 25, 2013
Coupon:	0%
Price:	Variable
Payout at maturity:	Par plus 170% of any increase in price of gold, subject to maximum payment of $1,170 per $1,000 principal amount; par if price of gold drops by up to 10%; 1.1111% loss for every 1% drop in price of gold beyond 10%
Initial price:	$1,661
Pricing date:	Jan. 12
Settlement date:	Jan. 20
Underwriter:	Goldman Sachs & Co. with J.P. Morgan Securities LLC as placement agent
Fees:	1.1%
Cusip:	38143UM57

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