Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for South African rand > News item |
Goldman Sachs plans notes due 2015 linked to currency basket vs. euro
By Susanna Moon
Chicago, May 15 - Goldman Sachs Group, Inc. plans to price 0% currency-linked notes due Nov. 23, 2015 linked to a basket of equally weighted currencies versus the euro, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying currencies are Indian rupee, Indonesian rupiah, Turkish lira and South African rand, each relative to the euro.
If the basket finishes at or above the initial level, the payout at maturity will be par plus the greater of the 12% contingent minimum and any gain, up to a maximum payout of $2,000 per $1,000 principal amount of notes.
Otherwise, the payout will be the minimum payout of $970 per $1,000 of notes.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
The notes will price on May 16 and settle on May 23.
The Cusip number is 38147Q6K7.
© 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.