New Issue: Goldman Sachs prices $872,000 one-year notes linked to Mexican peso

By Susanna Moon

Chicago, Aug. 27 - Goldman Sachs Group, Inc. priced $872,000 of 0% currency-linked notes due Sept. 9, 2014 linked to the performance of the Mexican peso relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

If the currency finishes at or above the 90% trigger level, the payout at maturity will be the maximum settlement of $1,095 for each $1,000 principal amount.

Otherwise, investors will be fully exposed to any losses.

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

Issuer:	Goldman Sachs Group, Inc.
Issue:	Currency-linked notes
Underlying currency:	Mexican peso, relative to dollar
Amount:	$872,000
Maturity:	Sept. 9, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If currency falls by up to 10%, par plus 9.5%; otherwise, full exposure to any losses
Initial spot rate:	12.97315
Pricing date:	Aug. 23
Settlement date:	Aug. 30
Underwriter:	Goldman Sachs & Co.
Agent:	J.P. Morgan Securities LLC
Fees:	1.1%
Cusip:	38147QQE9

© 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.