New Issue: Goldman prices $3 million notes with 85% trigger tied to Brazilian real

By Susanna Moon

Chicago, Sept. 12 - Goldman Sachs Group, Inc. priced $3 million of 0% currency-linked notes due Sept. 23, 2013 linked to the Brazilian real relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

If the currency finishes at or above the 85% trigger level, the payout at maturity will be par plus the greater of the return and the contingent minimum return of 8.35%.

Otherwise, investors will be fully exposed to any losses.

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, relative to dollar
Amount:	$3 million
Maturity:	Sept. 23, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If currency falls by 15% or less, par plus any gain, floor of 8.35%; otherwise, full exposure to any losses
Initial rate:	2.02
Pricing date:	Sept. 7
Settlement date:	Sept. 14
Underwriter:	Goldman Sachs & Co. with J.P. Morgan Securities LLC as agent
Fees:	1.1%
Cusip:	38143U7A3

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