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Published on 11/15/2012 in the Prospect News Structured Products Daily.

New Issue: Goldman prices $470,000 one-year notes with 86.85% trigger on zloty

By Susanna Moon

Chicago, Nov. 15 - Goldman Sachs Group, Inc. priced $470,000 of 0% currency-linked notes due Nov. 25, 2013 linked to the Polish zloty relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

If the currency falls by up to 13.15%, the payout at maturity will be the maximum settlement amount of $1,100 per $1,000 principal amount.

Otherwise, the payout will be par plus the currency return, with exposure to any losses.

Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as placement agent.

Issuer:Goldman Sachs Group, Inc.
Issue:Currency-linked notes
Underlying currency:Polish zloty
Amount:$470,000
Maturity:Nov. 25, 2013
Coupon:0%
Price:Par
Payout at maturity:If currency falls by up to 13.15%, $1,100 per $1,000 of notes; otherwise, par plus currency return
Initial exchange rate:3.2702
Pricing date:Nov. 9
Settlement date:Nov. 16
Underwriter:Goldman Sachs & Co. with J.P. Morgan Securities LLC as agent
Fees:1.1%
Cusip:38141GHN7

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