Goldman Sachs to price currency-linked notes linked to Indian rupee

By Marisa Wong

Madison, Wis., May 1 - Goldman Sachs Group, Inc. plans to price 0% currency-linked notes due May 19, 2014 linked to the Indian rupee relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

If the final spot rate is at least 90% 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 8.5%, subject to a maximum payout of $2,000 per $1,000 principal amount of notes.

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

The notes (Cusip: 38141GTE4) are expected to price May 3 and settle May 10.

Goldman Sachs & Co. will be the underwriter with JPMorgan as placement agent.

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