Published on 8/21/2008 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $8.62 million 0% notes linked to eight currencies versus euro
By Jennifer Chiou
New York, Aug. 21 - Goldman Sachs Group, Inc. priced $8.62 million of 0% notes due Sept. 21, 2010 linked to the performance of a basket of currencies versus the euro, according to a 424B2 filing with the Securities and Exchange Commission.
The basket contains equal weights of the Brazilian real, Russian ruble, Indian rupee, Malaysian ringgit, Singapore dollar, Mexican peso, Australian dollar and Norwegian krone.
If the basket return is less than the 2% threshold return, the payout at maturity will be par. If the return is greater than 2% but less than the 10% step-up return, investors will receive par plus 15%.
If the basket return is greater than or equal to 10%, investors will receive par plus 1.5 times the basket return.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Currency-linked notes
|
| Underlying currencies: | Brazilian real, Russian ruble, Indian rupee, Malaysian ringgit, Singapore dollar, Mexican peso, Australian dollar and Norwegian krone, equally weighted
|
| Amount: | $8,616,000
|
| Maturity: | Sept. 21, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if the basket return is less than the 2% threshold return; if the return is greater than 2% but less than the 10% step-up return, investors will receive par plus 15%; if the basket return is greater than or equal to 10%, investors will receive par 1.5 times the basket return
|
| Initial exchange rates: | 2.408 for real, 36.08 for ruble, 64 for rupee, 4.905 for ringgit, 2.082 for Singapore dollar, 14.98 for peso, 1.69 for Australian dollar and 7.95 for krone
|
| Pricing date: | Aug. 19
|
| Settlement date: | Sept. 2
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.175%
|
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