Goldman Sachs plans leveraged notes linked to four Asian currencies

By Marisa Wong

Madison, Wis., May 21 - Goldman Sachs Group, Inc. plans to price 0% leveraged currency-linked notes tied to a basket of currency exchange rates relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature 24 to 27 months after pricing.

The basket currencies include the Chinese renminbi, with a 50% weight, the Singapore dollar, with a 25% weight, the Malaysian ringgit, with a 15% weight, and the Korean won, with a 10% weight.

If the basket return is zero or positive, the payout at maturity will be par plus 1.85 to 2.15 times the basket return. The exact participation rate will be set at pricing.

Investors will be fully exposed to any basket decline.

Goldman Sachs & Co. is the underwriter.

The notes are expected to price in May.

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