New Issue: Goldman Sachs prices $2.07 million notes on Brazilian real via JPMorgan

By Marisa Wong

Madison, Wis., May 14 - Goldman Sachs Group, Inc. priced $2.07 million of 0% currency-linked notes due May 24, 2013 linked to the Brazilian real relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

If the final exchange rate is at least 80% of the initial rate, the payout at maturity will be par plus the greater of the currency return and the contingent minimum return of 9%.

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

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

Issuer:	Goldman Sachs Group, Inc.
Issue:	Currency-linked notes
Underlying currency:	Brazilian real
Amount:	$2,065,000
Maturity:	May 24, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If final exchange rate is at least 80% of initial rate, par plus greater of currency return and 9%; otherwise, full exposure to losses from initial exchange rate
Initial exchange rate:	1.95505
Pricing date:	May 10
Settlement date:	May 17
Underwriter:	Goldman Sachs & Co. with J.P. Morgan Securities LLC as agent
Fees:	1.1%
Cusip:	38143U3Z2

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