By Susanna Moon
Chicago, July 29 – Goldman Sachs Group, Inc. priced $675,000 of 0% currency-linked notes due Aug. 17, 2015 linked to the Indian rupee relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.
If the currency finishes at or above 97.5% of the initial level, the payout at maturity will be the maximum settlement amount of $1,105 per $1,000 principal amount.
If the currency finishes at or above the 85% trigger level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses.
Goldman Sachs & Co. is the underwriter with JPMorgan as the placement agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Currency-linked notes
|
| Underlying currency: | Indian rupee relative to euro
|
| Amount: | $675,000
|
| Maturity: | Aug. 17, 2015
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If currency finishes at or above 97.5% of initial level, par plus 10.5%; par if currency falls by up to 15%; otherwise, full exposure to any losses
|
| Initial exchange rate: | 80.79251
|
| Trigger level: | 85% of initial level
|
| Pricing date: | July 25
|
| Settlement date: | Aug. 1
|
| Underwriters: | Goldman Sachs & Co.
|
| Fees: | 1.1%
|
| Cusip: | 38147QDH6
|
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