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Goldman Sachs plans notes tied to three currencies relative to dollar
By Susanna Moon
Chicago, Jan. 17 - Goldman Sachs Group, Inc. plans to price 0% currency-linked notes due Feb. 1, 2013 linked to a basket of equally weighted currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying currencies are the Brazilian real, Canadian dollar and Mexican peso.
If the basket gains by more than 7.55%, the payout at maturity will be par plus the return.
If the basket falls by less than 20% or gains by 7.55% or less, the payout will be par plus $1,075.50 for each $1,000 principal amount.
If the basket falls by more than 20%, the payout will be par plus the basket return, with full exposure to losses from the initial level.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as dealer.
The notes will price on Jan. 20 and settle on Jan. 27.
The Cusip number is 38143UM81.
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