Goldman Sachs plans to price one-year notes linked to gold

By Angela McDaniels

Tacoma, Wash., Jan. 23 - Goldman Sachs Group, Inc. plans to price 0% commodity-linked notes due Feb. 8, 2013 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be sold at variable prices.

The payout at maturity will be par plus 1.5 times any percentage increase in the price of gold, subject to a maximum settlement amount of $1,150 per $1,000 principal amount of notes. Investors will receive par if gold declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

The notes (Cusip: 38143UN80) are expected to settle Feb. 3.

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

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