By Jennifer Chiou
New York, Nov. 14 - Goldman Sachs Group, Inc. priced $8.7 million of 0% currency-linked notes due Nov. 22, 2013 linked to the Mexican peso relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
If the currency return is greater than or equal to 5%, the payout at maturity will be par plus the maximum settlement amount of 22.9%.
If the return is positive and less than 5%, the payout will be par plus 5%.
Investors will receive par for losses of up to 15% and will be fully exposed to any losses beyond the buffer.
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
|
| Amount: | $8.7 million
|
| Maturity: | Nov. 22, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final exchange rate is greater than or equal to 5%, par plus 22.9%; par plus 5% for gains of up to 5%; par for losses up to 15% and full exposure to losses from initial exchange rate if decline is beyond buffer
|
| Initial exchange rate: | 13.11925
|
| Pricing date: | Nov. 8
|
| Settlement date: | Nov. 15
|
| Underwriter: | Goldman Sachs & Co. with J.P. Morgan Securities LLC as agent
|
| Fees: | 1.1%
|
| Cusip: | 38141GHY3
|
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