Goldman Sachs plans currency-linked notes tied to Mexican peso

By Jennifer Chiou

New York, Nov. 14 - Goldman Sachs Group, Inc. plans to price 0% currency-linked notes due May 22, 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 return is greater than or equal to negative 10%, the payout at maturity will be par plus the greater of the currency return and 13.1%, subject to a maximum payout of $2,000 per $1,000 principal amount of notes.

Otherwise, investors will share fully in losses.

The return is positive if the peso strengthens relative to the dollar.

The notes (Cusip: 38147QT63) are expected to price on Nov. 15 and settle on Nov. 22.

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

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