By Susanna Moon
Chicago, July 23 – Goldman Sachs Group, Inc. priced $1.73 million of 0% currency-linked notes due Jan. 25, 2016 linked to the Mexican peso relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.
If the currency finishes at or above the initial level, the payout at maturity will be the maximum settlement amount of $1,152.75 per $1,000 principal amount.
If the currency finishes at or above the 90% trigger level, the payout at maturity will be par.
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 euro
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| Amount: | $1.73 million
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| Maturity: | Jan. 25, 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 initial level, par plus 15.275%; par if currency falls by up to 10%; otherwise, full exposure to any losses
|
| Initial exchange rate: | 17.50257
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| Trigger level: | 90% of initial level
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| Pricing date: | July 18
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| Settlement date: | July 25
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| Underwriters: | Goldman Sachs & Co.
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| Fees: | 1.4%
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| Cusip: | 38147QD37
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