E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/30/2021 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $2.93 million leveraged buffered notes on Stoxx

By Wendy Van Sickle

Columbus, Ohio, Sept. 30 – GS Finance Corp. priced $2.93 million of 0% leveraged buffered index-linked notes due July 18, 2024 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index finishes above its initial level, the payout at maturity will be par plus 3 times the gain up to a maximum of $1,300 for each $1,000 face amount.

If the index finishes flat or falls by up to 16%, investors will receive par. Otherwise, investors will lose 1% for every 1% decline beyond 16%.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged buffered index-linked notes
Underlying index:Euro Stoxx 50 index
Amount:$2,925,000
Maturity:July 18, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus 3 times any index gain, up to a maximum of $1,300 for each $1,000 face amount; par if index finishes flat or falls by up to 16%; otherwise, 1% loss for every 1% decline beyond 16%
Initial index level:4,099.5
Buffer level:84% of initial level
Pricing date:July 14
Settlement date:July 19
Agent:Goldman Sachs & Co. LLC
Fees:0.25%
Cusip:40057HVL1

© 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.