Goldman to price currency-linked notes tied to six exchange rates

By Jennifer Chiou

New York, Nov. 18 - Goldman Sachs Group, Inc. plans to price 0% currency-linked notes tied to an equally weighted basket of six currency exchange rates measured against the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The currencies are the New Zealand dollar, the Swedish krona, the Russian ruble, the Korean won, the Malaysian ringgit and the Chilean peso.

The maturity date will be 24 to 28 months after issue.

The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum settlement amount of $1,280 to $1,320 per $1,000 principal amount. The exact cap will be set at pricing.

Investors will receive par if the basket falls by up to 20% and will lose 1.25% for every 1% that it declines beyond 20%.

Goldman Sachs & Co. is the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.