Published on 1/30/2013 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $6.01 million currency-linked notes on exchange rates
By Jennifer Chiou
New York, Jan. 30 - Goldman Sachs Group, Inc. priced $6,008,000 of 0% currency-linked notes due May 1, 2015 tied to a basket of currency exchange rates relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The basket include the Brazilian real with a 25% weight, the Mexican peso with a 25% weight, the Indonesian rupiah with a 25% weight, the Malaysian ringgit with a 15% weight and the Korean won with a 10% weight.
If the basket return is flat or positive, the payout at maturity will be the greater of the $1,361.50 threshold settlement amount and par plus the basket return, subject to a maximum settlement amount of $2,000 per $1,000 principal amount of notes.
Investors will receive par for losses up to 10% and will share in any losses at a rate of 1.1111% per 1% decline beyond 10%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Currency-linked notes
|
| Underlying basket: | Brazilian real (25% weight), Mexican peso (25% weight), Indonesian rupiah (25% weight), Malaysian ringgit (15% weight) and Korean won (10% weight)
|
| Amount: | $6,008,000
|
| Maturity: | May 1, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is flat or positive, greater of $1,361.50 and par plus the return, subject to a maximum settlement amount of $2,000 per $1,000 principal amount; par for losses up to 10% and exposure to losses at rate of 1.1111% per 1% decline beyond 10%
|
| Initial rates: | 2.0285 for real, 12.7006 for peso, 9,766 for rupiah, 3.0528 for ringgit, 1,071.80 for won
|
| Pricing date: | Jan. 25
|
| Settlement date: | Feb. 1
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.925%
|
| Cusip: | 38141GLL6
|
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