Goldman Sachs plans notes linked to four currencies relative to dollar

By Toni Weeks

San Diego, Sept. 6 - Goldman Sachs Group, Inc. plans to price 0% currency-linked notes due March 18, 2013 linked to the performance of a basket of currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket includes the Singapore dollar, the Indonesian rupiah, the Indian rupee and the South Korean won.

The payout at maturity will be par plus 1.86 times any basket gain.

Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

The notes (Cusip: 38143UC90) are expected to price Sept. 9 and settle Sept. 16.

Goldman Sachs & Co. is the underwriter, and J.P. Morgan Securities LLC is the placement 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.