Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Singapore dollar > News item |
Goldman plans 18-month notes with no cap tied to Asian currencies
By Susanna Moon
Chicago, May 23 - Goldman Sachs Group, Inc. plans to price 18-month 0% currency-linked notes tied to a basket of equally weighted exchange rates, relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying currencies are the Malaysian ringgit, Indonesian rupiah and Singapore dollar.
The payout at maturity will be par plus 2.08 times any gain in the basket.
Investors will receive par if the basket falls by up to 5% and will lose 1.0526% for each 1% decline in the basket beyond 5%.
Goldman, Sachs & Co. is the underwriter.
The Cusip is 38143UVB4.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.