Published on 7/2/2013 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $5.45 million notes tied to Mexican peso vs. dollar
By Jennifer Chiou
New York, July 2 - Goldman Sachs Group, Inc. priced $5,445,000 of 0% currency-linked notes due July 16, 2014 linked to the Mexican peso against the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
If the return is flat or positive, the payout will be par plus the greater of the currency return and 10.025%.
Investors will receive par plus 10.025% for losses of up to 10% and will be fully exposed to any losses beyond the buffer.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as placement agent.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Currency-linked notes
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Underlying currency: | Mexican peso against the dollar
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Amount: | $5,445,000
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Maturity: | July 16, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If currency return is flat or positive, par plus greater of the currency return and 10.025%; par plus 10.025% for losses of up to 10%; exposure to losses if currency return is less than negative 10%
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Initial rate: | 13.02585
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Pricing date: | June 28
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Settlement date: | July 28
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Underwriter: | Goldman Sachs & Co. with J.P. Morgan Securities LLC as agent
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Fees: | 1.1%
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Cusip: | 38147QEE2
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