Published on 8/3/2011 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $7.78 million currency-linked notes on exchange rates
By Jennifer Chiou
New York, Aug. 3 - Goldman Sachs Group, Inc. priced $7.78 million of 0% currency-linked notes due Sept. 11, 2013 tied to the Chinese renminbi with a 50% weight and the Korean won and Singapore dollar, each with a 25% weight, relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket return is positive or flat, the payout at maturity will be par plus 1.5 times the return.
Investors will share in losses.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Currency-linked notes
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Underlying rates: | Chinese renminbi (50% weight) and Korean won and Singapore dollar (each with 25% weight), relative to the U.S. dollar
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Amount: | $7,776,000
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Maturity: | Sept. 11, 2013
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | Par plus 150% of any basket gain; investors share in losses
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Initial rates: | 6.434 for yuan, 1,048.50 for won, 1.20 for Singapore dollar
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Pricing date: | Aug. 1
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Settlement date: | Aug. 8
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Underwriter: | Goldman Sachs & Co.
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Fees: | 0.175%
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Cusip: | 38143UXC0
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