Published on 7/12/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $9.55 million PLUS notes linked to mixed basket
By William Gullotti
Buffalo, N.Y., July 12 – GS Finance Corp. priced $9.55 million of 0% Performance Leveraged Upside Securities due Jan. 5, 2023 linked to the performance of a weighted basket of indexes and ETFs, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket is comprised of the Russell 2000 index with a 25% weight, the iShares MSCI Emerging Markets ETF with a 15% weight, the VanEck Vectors Gold Miners ETF with a 15% weight, the Euro Stoxx 50 index with a 15% weight, the Topix index with a 10% weight, the iShares Silver Trust with a 10% weight and the iShares Biotechnology ETF with a 10% weight
If the basket finishes at or above its initial level, the payout at maturity will be par plus 200% of the return, subject to a maximum payout of par plus 10.8%.
Investors will be exposed to any losses.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is the dealer.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Performance Leveraged Upside Securities
|
Underlying assets: | Russell 2000 index (25% weight), iShares MSCI Emerging Markets ETF (15% weight), VanEck Vectors Gold Miners ETF (15% weight), Euro Stoxx 50 index (15% weight), Topix index (10% weight), iShares Silver Trust (10% weight), iShares Biotechnology ETF (10% weight)
|
Amount: | $9,550,500
|
Maturity: | Jan. 5, 2023
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If the basket finishes at or above its initial level, par plus 200% of the gain, subject to maximum payout of par plus 10.8%; full exposure to any decline
|
Initial levels: | 1,707.99 for Russell, $40.10 for iShares MSCI EM, $27.38 for VanEck Gold, 3,454.86 for Stoxx, 1,870.82 for Topix, $18.64 for iShares Silver, $117.63 for iShares Biotechnology
|
Pricing date: | June 30
|
Settlement date: | July 6
|
Underwriter: | Goldman Sachs & Co. LLC
|
Dealer: | Morgan Stanley Wealth Management
|
Fees: | 3.5%
|
Cusip: | 36263Q728
|
|
© 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.