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Goldman plans currency-linked notes on Mexican peso via JPMorgan
By Jennifer Chiou
New York, June 27 - Goldman Sachs Group, Inc. plans to price 0% currency-linked notes due July 16, 2014 tied to the Mexican peso relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
If the return is flat or positive, the payout will be par plus the greater of the currency return and 10.025%.
Investors will receive par plus 10.025% for losses of up to 10% and will be fully exposed to any losses beyond the buffer.
The notes (Cusip: 38147QEE2) are expected to price on June 28 and settle on July 8.
Goldman Sachs & Co. will be the underwriter with JPMorgan as placement agent.
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