New Issue: Goldman Sachs prices $1.84 million leveraged notes linked to dollar vs. euro

By Angela McDaniels

Tacoma, Wash., Jan. 22 – Goldman Sachs Group, Inc. priced $1.84 million of 0% leveraged notes due Feb. 10, 2016 linked to the performance of the dollar relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.

The currency return will be positive if the dollar appreciates relative to the euro. The final exchange rate will be the average of the exchange rates on the five trading days ending Feb. 5, 2016.

If the currency return is positive or zero, the payout at maturity will be par plus two times the currency return, subject to a maximum settlement amount of $1,120 per $1,000 principal amount of notes. If the currency return is negative, investors will have one-to-one exposure to the decline.

Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Leveraged notes
Underlying currency:	Dollar measured relative to euro
Amount:	$1.84 million
Maturity:	Feb. 10, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If currency return is positive or zero, par plus two times currency return, subject to maximum settlement amount of $1,120 per $1,000 principal amount of notes; if currency return is negative, one-to-one exposure to decline.
Initial exchange rate:	1.15725
Final exchange rate:	Average of exchange rates on five trading days ending Feb. 5, 2016
Pricing date:	Jan. 20
Settlement date:	Jan. 27
Underwriter:	Goldman Sachs & Co.
Agent:	J.P. Morgan Securities LLC
Fees:	0.85%
Cusip:	38147QS56

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