New Issue: Goldman Sachs prices $3.03 million one-year currency-linked notes tied to Brazilian real

By Toni Weeks

San Luis Obispo, Calif., Feb. 26 - Goldman Sachs Group, Inc. priced $3.03 million of 0% currency-linked notes due March 10, 2014 linked to the Brazilian real relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

If the currency return is greater than or equal to negative 10%, the payout at maturity will be par plus the greater of the currency return and the contingent minimum return of 7.75%, subject to a maximum payment of $2,000 per $1,000 principal amount of notes.

Otherwise, investors will be fully exposed to losses.

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:	$3,025,000
Maturity:	March 10, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If currency return is greater than or equal to negative 10%, par plus greater of currency return and 7.75%; if return is less than negative 10%, full exposure to losses
Initial rate:	1.9705
Pricing date:	Feb. 22
Settlement date:	March 1
Underwriter:	Goldman Sachs & Co. with J.P. Morgan Securities LLC as agent
Fees:	1.1%
Cusip:	38141GPJ7

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