New Issue: Goldman prices $3.09 million leveraged notes linked to currency basket

By Angela McDaniels

Tacoma, Wash., Jan. 8 - Goldman Sachs Group, Inc. priced $3.09 million of 0% leveraged notes due Jan. 12, 2015 linked to the performance of a basket of equally weighted currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Mexican peso, the Korean won, the Indonesian rupiah and the Turkish lira. The basket return will be positive if the currencies appreciate in value on a net basis against the dollar.

The payout at maturity will be par plus 2.23 times any basket gain. Because of the way Goldman Sachs calculates the currency returns, the payout is capped at $3,230 per $1,000 principal amount of notes.

If the basket return is negative, the payout will be par plus the basket return, subject to a minimum settlement amount of $950 per $1,000 principal amount.

Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Leveraged notes
Underlying currencies:	Mexican peso, Korean won, Indonesian rupiah and Turkish lira, equally weighted
Amount:	$3,093,000
Maturity:	Jan. 12, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2.23 times any basket gain, subject to maximum payout of $3,230 per $1,000 principal amount; if basket return is negative, exposure to decline, subject to maximum loss of 5%
Initial spot rates:	12.76475 for peso, 1,064.10 for won, 9,792 for rupiah, 1.7847 for lira
Pricing date:	Jan. 4
Settlement date:	Jan. 11
Underwriter:	Goldman Sachs & Co.
Agent:	J.P. Morgan Securities LLC
Fees:	1.675%
Cusip:	38141GLU6

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