Goldman plans commodity-linked trigger notes on S&P GSCI Crude Oil

By Jennifer Chiou

New York, Jan. 18 - Goldman Sachs Group, Inc. plans to price 0% commodity-linked trigger notes due Feb. 3, 2012 linked the S&P GSCI Crude Oil Index Excess Return, according to a 424B2 with the Securities and Exchange Commission.

A trigger event will occur if the index falls below the buffer level - 80% of the initial level - at any time during the life of the notes.

If a trigger event occurs, the payout at maturity will be par plus the index return, which could be positive or negative.

If the index remains at or above the buffer level throughout the life of the notes, the payout will be par for losses up to 20%. If the final index return is positive, the payout will be par plus the greater of the index return and a contingent minimum return of 10%.

In either case, the payout is subject to a maximum return of 25%.

Goldman, Sachs & Co. is the agent with JPMorgan as co-agent.

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