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Goldman plans leveraged currency-linked notes tied to renminbi
By Jennifer Chiou
New York, Nov. 15 - Goldman Sachs Group, Inc. plans to price 0% currency-linked notes due May 27, 2013 tied to the Chinese renminbi relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.4 times any currency gain. Investors will be exposed to any losses.
The exact deal terms will be set at pricing.
The notes (Cusip: 38143UZT1) will price on Nov. 18 and settle on Nov. 25.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
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