By Toni Weeks
San Luis Obispo, Calif., May 29 - Goldman Sachs Group, Inc. priced $6.79 million of 0% currency-linked notes due June 2, 2017 tied to a basket of four equally weighted currencies, each relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.
The basket components are the Indian rupee, Indonesian rupiah, Turkish lira and South African rand.
The payout at maturity will be 2.51 times any gain, up to a maximum payout of $3,510 per $1,000 principal amount.
If the basket falls, the payout will be par.
The final exchange rate will be the average of the exchange rates of the five trading dates ending May 30, 2017.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Currency-linked notes
|
| Underlying currencies: | Indian rupee, Indonesian rupiah, Turkish lira and South African rand, equally weighted and relative to euro
|
| Amount: | $6.79 million
|
| Maturity: | June 2, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 251% of any gain, capped at 351% of par and floor of par
|
| Initial exchange rates: | 79.7211 for the rupee, 15,758.014 for the rupiah, 2.83785 for the lira and 14.03976 for the rand
|
| Pricing date: | May 23
|
| Settlement date: | June 2
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.5%
|
| Cusip: | 38147Q6R2
|
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