Goldman Sachs to price notes linked to Mexican peso versus euro

By Toni Weeks

San Luis Obispo, Calif., July 16 – Goldman Sachs Group, Inc. plans to price 0% currency-linked notes due Jan. 25, 2016 linked to the performance of the Mexican peso relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.

If the currency return is positive or zero, the payout will be $1,152.75 per $1,000 principal amount.

If the currency return is negative but not below negative 10%, the payout will be par.

If the currency return is less than negative 10%, investors will have 1-to-1 exposure to the decline from the initial exchange rate.

The final exchange rate will be the average of the exchange rates on the five trading days ending Jan. 20, 2016.

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

The notes will price July 18 and settle July 25.

The Cusip number is 38147QD37.

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