Published on 6/5/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $3.44 million notes linked to Mexican peso
By Angela McDaniels
Tacoma, Wash., June 5 - Goldman Sachs Group, Inc. priced $3.44 million of 0% currency-linked notes due June 14, 2013 linked to the Mexican peso, according to a 424B2 filing with the Securities and Exchange Commission.
The currency return will be positive if the peso appreciates relative to the dollar.
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 9.75%. 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.
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Issue: | Currency-linked notes
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Underlying currency: | Mexican peso relative to dollar
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Amount: | $3,437,000
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Maturity: | June 14, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If currency return is greater than or equal to negative 15%, par plus greater of currency return and 9.75%; otherwise, full exposure to decline from initial exchange rate
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Initial exchange rate: | 14.44625 pesos per dollar
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Pricing date: | June 1
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Settlement date: | June 8
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Underwriter: | Goldman Sachs & Co.
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Dealer: | J.P. Morgan Securities LLC
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Fees: | 1.1%
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Cusip: | 38143UW80
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