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Goldman plans currency-linked notes on weighted exchange rates
By Jennifer Chiou
New York, July 29 - Goldman Sachs Group, Inc. plans to price currency-linked notes due in 24 to 27 months linked to the Chinese renminbi with a 50% weight and the Korean won and Singapore dollar, each with a 25% weight, relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket return is positive or flat, the payout at maturity will be par plus 1.4 to 1.6 times the return. The exact participation rate will be set at pricing.
Investors will share in losses.
Goldman Sachs & Co. is the agent.
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