Goldman to price leveraged currency-linked notes tied to renminbi

By Toni Weeks

San Diego, June 27 - Goldman Sachs Group, Inc. plans to price 0% leveraged currency-linked notes due July 7, 2014 tied to the Chinese renminbi relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

If the currency return is positive, the payout at maturity will be par plus 2.75 times the gain, subject to a maximum payment of $3,750 per $1,000 principal amount of notes.

If the currency return is zero or negative, investors will receive par.

The notes (Cusip: 38143U4K4) will price June 27 and settle July 5.

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

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