New Issue: Goldman Sachs prices $2.62 million leveraged notes tied to renminbi

By Marisa Wong

Madison, Wis., Aug. 12 – Goldman Sachs Group, Inc. priced $2.62 million of 0% leveraged currency-linked notes due Aug. 31, 2015 tied to the Chinese renminbi relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

If the currency return is flat or positive, the payout at maturity will be par plus five times the gain, subject to a maximum payment of $6,000 per $1,000 principal amount of notes.

Investors will share in any losses.

Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as the placement agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Leveraged currency-linked notes
Underlying currency:	Chinese renminbi, relative to dollar
Amount:	$2.62 million
Maturity:	Aug. 31, 2015
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If currency return is flat or positive, par plus five times gain, subject to a maximum payment of $6,000 per $1,000 of notes; investors will share in any losses
Initial exchange rate:	6.1607
Pricing date:	Aug. 8
Settlement date:	Aug. 15
Underwriter:	Goldman Sachs & Co. with J.P. Morgan Securities LLC as placement agent
Fees:	1.1%
Cusip:	38147QEC6

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