Sole underwriter Goldman, Sachs and Cosaid it is publicly offering 40.05 mln dlrs of principal
exchange rate linked securities, or "PERLS," due 1991 that it
purchased from Westinghouse Electric Corp &lt;WX>.
    The securities have a 13-1/4 pct coupon and par pricing.
Interest will be paid in U.S. dlrs. At maturity, investors will
receive the principal amount of their holdings in New Zealand
dlrs, Goldman Sachs detailed.
    Non-callable for life, the issue is rated A-1 by Moody's
and AA-minus by Standard and Poor's. PERLS are relatively new 
in the domestic debt market.
 Reuter
