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Goldman plans one-year notes with 90% trigger linked to Brazilian real
By Marisa Wong
Madison, Wis., Feb. 20 - Goldman Sachs Group, Inc. plans to price 0% notes due March 10, 2014 linked to the Brazilian real relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
If the currency return is positive or zero, the payout at maturity will be par plus the greater of the currency return and 7.75%. If the currency return is at least negative 10%, the payout will be par plus 7.75%. If the real falls by more than 10%, investors will be fully exposed to the decline.
Goldman, Sachs & Co. is the underwriter, with JPMorgan as the placement agent.
The notes will settle on March 1.
The Cusip number is 38141GPJ7.
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