By Angela McDaniels
Tacoma, Wash., Feb. 24 - Goldman Sachs Group, Inc. priced $1.22 million of 0% notes due March 16, 2015 linked to the performance of the Mexican peso relative to the Japanese yen, according to a 424B2 filing with the Securities and Exchange Commission.
The currency return will be positive if the peso appreciates relative to the yen.
If the currency return is greater than or equal to negative 10%, the payout at maturity will be $1,094.50 per $1,000 principal amount of notes.
If the currency return is less than negative 10%, investors will have one-to-one exposure to the decline from the initial exchange rate.
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 Japanese yen
|
| Amount: | $1.22 million
|
| Maturity: | March 16, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If currency return is greater than or equal to negative 10%, $1,094.50 per $1,000 principal amount of notes; if currency return is less than negative 10%, one-to-one exposure to decline from initial exchange rate
|
| Initial exchange rate: | 0.12923
|
| Final exchange rate: | Average of exchange rates on five trading days ending March 11, 2015
|
| Pricing date: | Feb. 21
|
| Settlement date: | Feb. 28
|
| Underwriters: | Goldman Sachs & Co.
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.1%
|
| Cusip: | 38147QQF6
|
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