Published on 7/16/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $835,000 leveraged notes due 2014 tied to renminbi
By Jennifer Chiou
New York, July 16 - Goldman Sachs Group, Inc. priced $2.1 million of 0% leveraged currency-linked notes due July 21, 2014 tied to the Chinese renminbi against the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will par plus 2.35 times any currency gain.
If the currency falls, the payout will be par.
Goldman, Sachs & Co. is the underwriter with JPMorgan as placement agent.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged currency-linked notes
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Underlying currency: | Chinese renminbi against the dollar
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Amount: | $2.1 million
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Maturity: | July 21, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 235% of any currency gain, floor of par
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Initial exchange rate: | 6.3215
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Pricing date: | July 12
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Settlement date: | July 19
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Underwriter: | Goldman, Sachs & Co. with JPMorgan (as placement agent)
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Fees: | 1.175%
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Cusip: | 38143U4T5
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