New Issue: Goldman prices $1.1 million notes tied to Brazilian real vs. dollar

By Marisa Wong

Madison, Wis., Oct. 22 - Goldman Sachs Group, Inc. priced $1.1 million of 0% currency-linked notes due Nov. 3, 2014 linked to the Brazilian real against the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The exchange rate is expressed as the number of reais needed to purchase one dollar.

If the currency return is positive and greater than 3%, the payout at maturity will be the maximum settlement amount of $1,297.50 per $1,000 principal amount of notes. If the currency return is positive but less than or equal to 3%, the payout will be $1,050 per $1,000 of notes.

Investors will receive par if the currency return is zero or negative but not below negative 30% and will be fully exposed to losses if the currency return is less than negative 30%.

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 against the dollar
Amount:	$1,095,000
Maturity:	Nov. 3, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If currency return is greater than 3%, $1,297.50 per $1,000 of notes; if currency return is positive but less than or equal to 3%, $1,050 per $1,000 of notes; par if currency return is zero or negative but not below negative 30%; exposure to losses if currency return is less than negative 30%
Initial rate:	2.1616
Pricing date:	Oct. 18
Settlement date:	Oct. 25
Underwriter:	Goldman Sachs & Co. with J.P. Morgan Securities LLC as agent
Fees:	1.1%
Cusip:	38147QD29

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