By Marisa Wong
Madison, Wis., Jan. 8 - Goldman Sachs Group, Inc. priced $1.49 million of 0% currency-linked notes due Jan. 21, 2014 linked to the Mexican peso 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 5%, the payout at maturity will be the maximum settlement amount of $1,205.50 per $1,000 principal amount.
If the currency return is positive but less than 5%, the payout will be par plus 5%.
If the currency return is zero or negative but at least negative 15%, the payout will be par.
Investors will share fully in losses if the peso depreciates by more than 15%.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Currency-linked notes
|
| Underlying currency: | Mexican peso
|
| Amount: | $1,485,000
|
| Maturity: | Jan. 21, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If currency return is greater than or equal to 5%, $1,205.50 per $1,000 principal amount; if currency return is positive but less than 5%, par plus 5%; if currency return is zero or negative but at least negative 15%, par; full exposure to losses if peso depreciates by more than 15%
|
| Initial exchange rate: | 12.76475
|
| Pricing date: | Jan. 4
|
| Settlement date: | Jan. 11
|
| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 1.1%
|
| Cusip: | 38141GLT9
|
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