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Goldman to price notes linked to rupee, ringgit and Mexican peso
By Jennifer Chiou
New York, April 14 - Goldman Sachs Group, Inc. plans to price 0% currency-linked notes due 24 to 27 months after issue linked to equal weights of the Indian rupee, the Malaysian ringgit and the Mexican peso relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket return is at least negative 10%, the payout at maturity will be par plus the greater of the basket return and the threshold settlement amount, which is expected to be between $1,110 and $1,130 for each $1,000 principal amount.
Investors will share in any losses at a rate of 1.1111% per 1% drop beyond 10%.
Goldman Sachs & Co. is the underwriter.
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