By Susanna Moon
Chicago, May 23 - Goldman Sachs Group, Inc. priced $7 million of contingent coupon notes due May 28, 2019 linked to a basket of equally weighted currencies, according to a 424B2 filing with the Securities and Exchange Commission.
The basket currencies are the euro, Japanese yen and Swiss franc, each relative the dollar.
The notes will pay a contingent coupon of $15.00 for each $1,000 par amount if the basket closes at or above its initial level on any annual observation date.
If the basket finishes above the initial level, the payout at maturity will be par plus any gain, up to a maximum of $2,015 per $1,000 principal amount.
If the basket finishes at the initial level, the payout will be $1,015 per $1,000 principal amount.
If the basket falls, the payout will be par.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Contingent coupon notes
|
| Underlying basket: | Euro, Japanese yen and Swiss franc, equally weighted, each relative the dollar
|
| Amount: | $7 million
|
| Maturity: | May 28, 2019
|
| Contingent coupon: | 1.5%, payable annually if basket closes at or above initial level on any annual observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain, capped at 201.5% of par; if basket ends flat, par plus 1.5%; otherwise, par
|
| Initial levels: | 1.36955 for euro, 0.00987 for yen and 1.12108 for franc
|
| Pricing date: | May 20
|
| Settlement date: | May 28
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.35%
|
| Cusip: | 38147Q6M3
|
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