By Toni Weeks
San Luis Obispo, Calif., May 29 - Goldman Sachs Group, Inc. priced $3.3 million of 0% currency-linked notes due Dec. 2, 2015 linked to the performance of the Mexican peso relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.
If the currency return is greater than or equal to 5%, investors will receive $1,265.50 per $1,000 principal amount of notes.
If the currency return is zero or positive but less than 5%, the payout will be $1,050 per $1,000 principal amount.
If the currency return is negative but not below negative 10%, the payout will be par.
If the currency return is less than negative 10%, investors will have 1-to-1 exposure to the decline from the initial exchange rate.
The final exchange rate will be the average of the exchange rates on the five trading days ending Nov. 25, 2015.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as placement agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Currency-linked notes
|
| Underlying currency: | Mexican peso against the euro
|
| Amount: | $3.33 million
|
| Maturity: | Dec. 2, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If currency return is greater than or equal to 5%, $1,265.50 per $1,000 principal amount; if currency return is zero or positive but less than 5%, $1,050 per $1,000 principal amount; if currency return is negative but not below negative 10%, par; if currency return is less than negative 10%, full exposure to losses from initial exchange rate
|
| Initial rate: | 17.53761
|
| Pricing date: | May 23
|
| Settlement date: | June 2
|
| Underwriter: | Goldman Sachs & Co. with J.P. Morgan Securities LLC as agent
|
| Fees: | 1.4%
|
| Cusip: | 38147Q6T8
|
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