Goldman Sachs to price leveraged notes linked to dollar versus euro

By Angela McDaniels

Tacoma, Wash., March 31 – Goldman Sachs Group, Inc. plans to price 0% leveraged notes due April 21, 2016 linked to the performance of the U.S. dollar relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.

The currency return will be positive if the dollar appreciates relative to the euro. The final exchange rate will be the average of the exchange rates on the five trading days ending April 14, 2016.

If the currency return is positive or zero, the payout at maturity will be par plus 2.65 times the currency return, subject to a maximum settlement amount of $1,132.50 per $1,000 principal amount of notes. If the currency return is negative, investors will have one-to-one exposure to the decline.

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

The notes are expected to price April 2 and settle April 9.

The Cusip number is 38147QYB6.

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