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Published on 10/30/2014 in the Prospect News Structured Products Daily.

New Issue: Goldman Sachs prices $820,000 notes linked to dollar versus euro

By Angela McDaniels

Tacoma, Wash., Oct. 30 – Goldman Sachs Group, Inc. priced $820,000 of 0% notes due Jan. 5, 2016 linked to the performance of the U.S. dollar relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.

The currency return will be positive if the dollar appreciates relative to the euro.

The payout at maturity will be par plus the currency return. The notes are not principal protected, which means the payout will be less than par if the currency return is negative.

Goldman Sachs & Co. is the underwriter.

Issuer:Goldman Sachs Group, Inc.
Issue:Notes
Underlying currency:Dollar, measured relative to euro
Amount:$820,000
Maturity:Jan. 5, 2016
Coupon:0%
Price:Par
Payout at maturity:If currency return is positive, par plus currency return; if currency return is negative, one-to-one exposure to decline
Initial exchange rate:1.2707 dollars per euro
Pricing date:Oct. 27
Settlement date:Nov. 3
Underwriter:Goldman Sachs & Co.
Fees:0.85%
Cusip:38147QL53

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