New Issue: Goldman prices $2.57 million notes tied to Mexican peso via JPMorgan

By Toni Weeks

San Diego, May 1 - Goldman Sachs Group, Inc. priced $2.57 million of 0% currency-linked notes due May 10, 2013 linked to the Mexican peso relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

If the final exchange rate is at least 85% of the initial rate, the payout at maturity will be par plus the greater of the currency return and the contingent minimum return of 7.75%.

Otherwise, investors will be fully exposed to losses from the initial exchange rate.

Goldman Sachs & Co. will be the underwriter with J.P. Morgan Securities LLC as placement agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Currency-linked notes
Underlying currency:	Mexican peso
Amount:	$2,573,000
Maturity:	May 10, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If final exchange rate is at least 85% of initial rate, par plus greater of currency return and 7.75%; otherwise, full exposure to losses from initial exchange rate
Initial exchange rate:	13.01465
Pricing date:	April 27
Settlement date:	May 4
Underwriter:	Goldman Sachs & Co. with J.P. Morgan Securities LLC as agent
Fees:	1.1%
Cusip:	38143U2U4

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