Goldman to price leveraged currency-linked notes tied to renminbi

By Jennifer Chiou

New York, Aug. 6 – Goldman Sachs Group, Inc. plans to price 0% leveraged currency-linked notes due Aug. 31, 2015 tied to the Chinese renminbi relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

If the currency return is flat or positive, the payout at maturity will be par plus five times the gain, subject to a maximum payment of $6,000 per $1,000 principal amount of notes.

Investors will share in any losses.

The notes (Cusip: 38147QEC6) will price on Aug. 8 and settle on Aug. 15.

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

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