Goldman Sachs plans currency-linked notes tied to Brazilian real

By Jennifer Chiou

New York, Aug. 6 - Goldman Sachs Group, Inc. plans to price three-year 8.75% to 9.5% currency-linked notes tied to the Brazilian real relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable annually in August and will equal the stated interest rate multiplied by the percentage change in the exchange rate.

The payout at maturity will be par plus the exchange rate performance.

The exact terms will be set at pricing.

Goldman, Sachs & Co. is the underwriter.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.