Published on 2/26/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $525,000 notes linked to Mexican peso vs. yen
By Susanna Moon
Chicago, Feb. 26 - Goldman Sachs Group, Inc. priced $525,000 of 0% currency-linked notes due Feb. 29, 2016 linked to the Mexican peso relative to the Japanese yen, according to a 424B2 filing with the Securities and Exchange Commission.
If the currency finishes at or above the 85% trigger level, the payout at maturity will be $1,175.50 per $1,000 principal amount.
Otherwise, investors will be fully exposed to any losses.
Goldman Sachs & Co. is the underwriter with JPMorgan as the placement agent.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Currency-linked notes
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Underlying currency: | Mexican peso relative to Japanese yen
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Amount: | $525,000
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Maturity: | Feb. 29, 2016
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If currency finishes at or above trigger level, 17.55%; otherwise, full exposure to any losses
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Initial spot rate: | 0.12923
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Trigger level: | 85% of initial level
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Pricing date: | Feb. 21
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Settlement date: | Feb. 28
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Underwriters: | Goldman Sachs & Co.
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Fees: | 1.675%
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Cusip: | 38147QQK5
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