By Susanna Moon
Chicago, Oct. 7 - Goldman Sachs Group, Inc. priced $1.12 million of 0% currency-linked notes due Oct. 17, 2014 linked to the Brazilian real relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
If the currency gains by more than 3%, the payout at maturity will be the maximum settlement amount of $1,305 for each $1,000 principal amount.
If the currency gains by up to 3%, the payout at maturity will be par plus $1,050 per $1,000 of notes.
If the currency falls by up to 30%, the payout will be par.
Otherwise, investors will be fully exposed to any losses if the currency falls below the 70% trigger level.
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: | Brazilian real, relative to dollar
|
| Amount: | $1.12 million
|
| Maturity: | Oct. 17, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If currency gains by more than 3%, par plus 30.5%; if currency gains by up to 3%, par plus 5%; if currency falls by up to 30%, par; otherwise, full exposure to any losses
|
| Initial rate: | 2.2069
|
| Pricing date: | Oct. 3
|
| Settlement date: | Oct. 10
|
| Underwriter: | Goldman Sachs & Co. with J.P. Morgan Securities LLC as agent
|
| Fees: | 1.1%
|
| Cusip: | 38147QYJ9
|
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