By Angela McDaniels
Tacoma, Wash., May 21 - Goldman Sachs Group, Inc. priced $10.31 million of 0% currency-linked notes due May 30, 2013 linked to the Mexican peso, according to a 424B2 filing with the Securities and Exchange Commission.
The issuer said that by purchasing the notes, investors take the view that the peso will appreciate in value against the dollar over the life of the notes.
If the currency return is greater than or equal to negative 15%, the payout at maturity will be par plus the greater of the currency return and 8.75%. If the currency return is less than negative 15%, investors will be fully exposed to the decline from the initial exchange rate.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as dealer.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Currency-linked notes
|
| Underlying currency: | Mexican peso relative to dollar
|
| Amount: | $10,307,000
|
| Maturity: | May 30, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If currency return is greater than or equal to negative 15%, par plus greater of currency return and 8.75%; otherwise, full exposure to decline from initial exchange rate
|
| Initial exchange rate: | 13.78535 pesos per dollar
|
| Pricing date: | May 17
|
| Settlement date: | May 24
|
| Underwriter: | Goldman Sachs & Co.
|
| Dealer: | J.P. Morgan Securities LLC
|
| Fees: | 1.1%
|
| Cusip: | 38143UV32
|
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