Published on 2/19/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $100,000 leveraged notes linked to Mexican peso vs. euro
By Susanna Moon
Chicago, Feb. 19 – Goldman Sachs Group, Inc. priced $100,000 of 0% currency-linked notes due March 7, 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 par plus 4.3 times the currency return, up to a maximum of $1,215 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.
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Issue: | Leveraged currency-linked notes
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Underlying currency: | Mexican peso relative to euro
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Amount: | $100,000
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Maturity: | March 7, 2016
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 4.3 times any currency gain, capped at 21.5%; exposure to any losses
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Initial exchange rate: | 16.96505
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Pricing date: | Feb. 13
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Settlement date: | Feb. 20
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Underwriters: | Goldman Sachs & Co.
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Fees: | 1.1%
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Cusip: | 38147QUU8
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