Goldman plans one-year notes with 90% trigger linked to Mexican peso

By Susanna Moon

Chicago, Oct. 23 - Goldman Sachs Group, Inc. plans to price 0% currency-linked notes due Nov. 2, 2015 linked to the performance of the Mexican peso relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

If the currency finishes at or above the initial level, the payout at maturity will be the greater of any gain and the contingent minimum of $1,178 for each $1,000 principal amount.

If the currency falls but finishes at or above the 90% trigger level, the payout will be $1,178 for each $1,000 principal amount.

Otherwise, investors will be fully exposed to any losses.

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

The notes will price on Oct. 25 and settle on Oct. 30.

The Cusip number is 38147QG67.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.