By Toni Weeks
San Diego, Aug. 17 - Goldman Sachs Group, Inc. priced another $500,000 of 0% leveraged currency-linked notes due Aug. 18, 2014 linked to the Chinese renminbi relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
This brings the total deal size to $2.57 million. The initial $2.07 million of the notes priced on Aug. 10.
If the currency return is positive, the payout at maturity will be par plus 2.3 times the currency return.
If the currency return is zero or negative, investors will receive par.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as placement agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged currency-linked notes
|
| Underlying currency: | Chinese renminbi
|
| Amount: | $2.57 million, upsized from $2.07 million
|
| Maturity: | Aug. 18, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If currency return is positive, par plus 230% of currency return; otherwise par
|
| Initial exchange rate: | 6.3447
|
| Pricing dates: | Aug. 10 for $2.07 million; Aug. 15 for $500,000
|
| Settlement date: | Aug. 17
|
| Underwriter: | Goldman Sachs & Co. with J.P. Morgan Securities LLC as agent
|
| Fees: | 1.175%
|
| Cusip: | 38143U6D8
|
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