New Issue: Goldman Sachs sells $1.25 million currency-linked notes on Indian rupee

By Marisa Wong

Madison, Wis., May 8 - Goldman Sachs Group, Inc. priced $1.25 million of 0% currency-linked notes due May 19, 2014 linked to the Indian rupee relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

If the final spot rate is at least 90% of the initial spot rate, the payout at maturity will be par plus the greater of the currency return and the contingent minimum return of 8.5%, subject to a maximum payout of $2,000 per $1,000 principal amount of notes.

Otherwise, investors will be fully exposed to losses from the initial spot rate.

Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Currency-linked notes
Underlying currency:	Indian rupee relative to dollar
Amount:	$1.25 million
Maturity:	May 19, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If final spot rate is at least 90% of initial spot rate, par plus greater of currency return and 8.5%, subject to a maximum payout of $2,000 per $1,000 of notes; otherwise, full exposure to losses
Initial exchange rate:	53.951
Pricing date:	May 3
Settlement date:	May 10
Underwriter:	Goldman Sachs & Co. with JPMorgan as placement agent
Fees:	1.1%
Cusip:	38141GTE4

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