Goldman Sachs to price five-year exchangeable notes linked to Google

By Angela McDaniels

Tacoma, Wash., Jan. 13 - Goldman Sachs Group, Inc. plans to price five-year 0% exchangeable equity-linked notes linked to the common stock of Google Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The price is expected to be 99% to 99.9% of par.

The notes are exchangeable at any time for 1.3102 shares of Google stock per $1,000 principal amount of notes. The issuer has the option to settle exchanges in cash instead of shares.

The payout at maturity will be a cash amount equal to the average of the averaging date prices on the final three trading days of the life of the notes. The averaging date price is the greater of (a) $1,000 and (b) the product of the closing price of Google stock on that day multiplied by the exchange rate, 1.3102.

The notes (Cusip: 38143UM65) are expected to settle on Jan. 20.

Goldman Sachs & Co. is the underwriter.v

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