Goldman Sachs pushes backing pricing one-year notes linked to renminbi

By Susanna Moon

Chicago, Sept. 5 – Goldman Sachs Group, Inc. price 0% currency-linked notes linked to the Chinese renminbi relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will now price on Sept. 12 and settle on Sept. 19, and the notes will mature on Oct. 2, 2015. They were originally set to price on Sept. 5 and settle on Sept. 12, with maturity set for Sept. 21, 2015.

As previously announced, 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.

The Cusip is 38147QGH3.

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