E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/3/2011 in the Prospect News Structured Products Daily.

New Issue: Goldman prices $7.78 million currency-linked notes on exchange rates

By Jennifer Chiou

New York, Aug. 3 - Goldman Sachs Group, Inc. priced $7.78 million of 0% currency-linked notes due Sept. 11, 2013 tied 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 1.5 times the return.

Investors will share in losses.

Goldman Sachs & Co. is the underwriter.

Issuer:Goldman Sachs Group, Inc.
Issue:Currency-linked notes
Underlying rates:Chinese renminbi (50% weight) and Korean won and Singapore dollar (each with 25% weight), relative to the U.S. dollar
Amount:$7,776,000
Maturity:Sept. 11, 2013
Coupon:0%
Price:Par
Payout at maturity:Par plus 150% of any basket gain; investors share in losses
Initial rates:6.434 for yuan, 1,048.50 for won, 1.20 for Singapore dollar
Pricing date:Aug. 1
Settlement date:Aug. 8
Underwriter:Goldman Sachs & Co.
Fees:0.175%
Cusip:38143UXC0

© 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.