By Susanna Moon
Chicago, Aug. 27 – Goldman Sachs Group, Inc. priced $1.75 million of 0% currency-linked notes due Sept. 15, 2015 linked to the Chinese renminbi relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
If the currency return is greater than or equal to 1%, the payout at maturity will be the maximum settlement amount of $1,100 per $1,000 of notes.
If the return is greater than or equal to zero but less than 1%, the payout will be $1,050 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.
|
| Issue: | Currency-linked notes
|
| Underlying currency: | Chinese renminbi relative to dollar
|
| Amount: | $1.75 million
|
| Maturity: | Sept. 15, 2015
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If currency return is greater than or equal to 1%, par plus 10%; if return is greater than or equal to zero but less than 1%, par plus 5%; otherwise, full exposure to any losses
|
| Initial exchange rate: | 6.1589
|
| Pricing date: | Aug. 22
|
| Settlement date: | Aug. 29
|
| Underwriters: | Goldman Sachs & Co.
|
| Fees: | 0.85%
|
| Cusip: | 38147QF35
|
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