Goldman pushes back pricing on notes linked to Indian rupee vs. euro

By Susanna Moon

Chicago, Dec. 8 – Goldman Sachs Group, Inc. pushed back pricing on its 0% currency-linked notes linked to the Indian rupee relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will now price on Dec. 12 and settle on Dec. 19, with maturity now set for June 20, 2016. The notes were originally set to price on Dec. 5 and settle on Dec. 12 and mature June 13, 2016

As announced on Dec. 4, if the currency return is at least zero e, the payout at maturity will be par plus the greater of the return or $173.50 per $1,000 principal amount of notes.

If the currency falls by up to 10%, the payout will be par plus 17.35%.

Otherwise, investors will be fully exposed to any losses if the currency falls by more than 10%.

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

The Cusip is 38147QPZ3.

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