Goldman plans currency-linked notes tied to Brazilian real via JPMorgan

By Toni Weeks

San Diego, April 30 - Goldman Sachs Group, Inc. plans to price 0% currency-linked notes due May 17, 2013 linked to the Brazilian real relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

If the final spot rate is at least 80% of the initial spot rate, the payout at maturity will be par plus the greater of the currency return and the contingent minimum return of 9.15%.

Otherwise, investors will be fully exposed to losses from the initial spot rate.

The notes (Cusip: 38143U3E9) are expected to price May 4 and settle May 11.

Goldman Sachs & Co. will be the underwriter with J.P. Morgan Securities LLC as placement agent.

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