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Goldman Sachs to price currency-linked notes linked to Indian rupee
By Susanna Moon
Chicago, May 16 - Goldman Sachs Group, Inc. plans to price 0% currency-linked notes due June 2, 2014 linked to the Indian rupee relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
If the currency finishes at or above 90% of the initial spot rate, the payout at maturity will be par plus the greater of the contingent minimum return of 7.25% and any currency gain, up to a maximum payout of $2,000 per $1,000 principal amount.
Otherwise, investors will be fully exposed to any losses.
Goldman Sachs & Co. will be the underwriter with JPMorgan as placement agent.
The notes will price on May 17 and settle on May 24.
The Cusip number is 38141GTY0.
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