Goldman plans one-year buffered leveraged notes on Asian indexes

By Toni Weeks

San Diego, Aug. 16 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered notes due Sept. 5, 2012 linked to a basket of five Asian indexes, each converted into dollars, according to a 424B2 filing with the Securities and Exchange Commission.

The basket is comprised of the Hang Seng China Enterprises index with a 30% weight, the Korea Composite Stock Price Index 200 with a 27% weight, the MSCI Taiwan index with a 20% weight, the Hang Seng index with a 14% weight and the MSCI Singapore Free index with a 9% weight.

The related currencies are the Hong Kong dollar for the Hang Seng and Hang Seng China Enterprises, the Korean won for the Korea Composite Stock Price index, the Taiwan dollar for the MSCI Taiwan and the Singapore dollar for the MSCI Singapore.

If the basket return is positive, the payout at maturity will be par plus double the basket return, up to a maximum payment of $1,132.00 per $1,000 note.

Investors will receive par if the basket declines by up to 10% and will lose 1.1111% for every 1% loss beyond 10%.

The notes (Cusip: 38143UA92) are expected to price on Aug. 19 and settle Aug. 24.

Goldman Sachs & Co. is the underwriter.

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