New Issue: Goldman prices $2.44 million currency-linked notes tied to four exchange rates

By Jennifer Chiou

New York, Nov. 27 - Goldman Sachs Group, Inc. priced $2.44 million of 0% currency-linked notes due May 28, 2014 tied to a basket of four equally weighted currency exchange rates relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The basket currencies include the Malaysian ringgit, Indian rupee, Korean won and Indonesian rupiah.

If the basket return is at or greater than negative 10%, the payout at maturity will be the greater of the $1,082.50 threshold settlement amount and par plus the basket return, subject to a maximum settlement amount of $2,000 per $1,000 principal amount of notes.

Investors will share in any losses if the basket declines beyond 10%.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Currency-linked notes
Underlying basket:	Malaysian ringgit, Indian rupee, Korean won and Indonesian rupiah
Amount:	$2,444,000
Maturity:	May 28, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is at or greater than negative 10%, greater of $1,082.50 and par plus the return, subject to a maximum settlement amount of $2,000 per $1,000 principal amount; exposure to losses for decline beyond 10%
Initial rates:	3.0653for ringgit, 55.2025 for rupee, 1,083.20 for won and 9,647 for rupiah
Pricing date:	Nov. 21
Settlement date:	Nov. 29
Underwriter:	Goldman Sachs & Co.
Fees:	1.35%
Cusip:	38141GJN5

© 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.