Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Canadian dollar > News item |
Goldman Sachs to price notes linked to three currencies vs. dollar
By Toni Weeks
San Diego, Jan. 20 - Goldman Sachs Group, Inc. plans to price 0% currency-linked notes due Aug. 5, 2013 tied to a basket of three equally weighted exchange rates relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying currencies are the Brazilian real, the Canadian dollar and the Mexican peso.
If the final basket level is at least 80% of the initial level, the payout at maturity will be the greater of the basket return and a flat payment of $1,140 per $1,000 principal amount of notes.
If the basket declines by more than 20%, investors will be fully exposed to losses from the initial level.
The notes (Cusip: 38143UM81) are expected to settle Feb. 3.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.