By Marisa Wong
Madison, Wis., March 25 - Goldman Sachs Group, Inc. priced $2 million of 0% currency-linked notes due April 4, 2014 linked to the South African rand relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
If the currency return is greater than or equal to negative 15%, the payout at maturity will be par plus the greater of the currency return and the contingent minimum return of 10.05%, subject to a maximum payment of $2,000 per $1,000 principal amount of notes.
Otherwise, investors will be fully exposed to losses.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as placement agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Currency-linked notes
|
| Underlying currency: | South African rand, relative to dollar
|
| Amount: | $2 million
|
| Maturity: | April 4, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If currency return is greater than or equal to negative 15%, par plus greater of currency return and 10.05%; if return is less than negative 15%, full exposure to losses
|
| Initial rate: | 9.31585
|
| Pricing date: | March 21
|
| Settlement date: | March 28
|
| Underwriter: | Goldman Sachs & Co. with J.P. Morgan Securities LLC as agent
|
| Fees: | 1.1%
|
| Cusip: | 38141GRH9
|
© 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.
