Published on 11/23/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $650,000 basket-linked notes on five indexes
By Kiku Steinfeld
Chicago, Nov. 23 – GS Finance Corp. priced $650,000 of 0% notes due March 27, 2025 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 38% weight, the Topix index with a 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with a 11% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus any basket gain, capped at 25%.
Investors will be exposed to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Basket-linked notes
|
Underlying basket: | Euro Stoxx 50 (38% weight), Topix (26% weight), FTSE 100 (17% weight), Swiss Market (11% weight) and S&P/ASX 200 (8% weight)
|
Amount: | $650,000
|
Maturity: | March 27, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any basket gain, capped at 25%; full exposure to losses
|
Initial index levels: | 3,926.12 for Stoxx, 1,933.74 for Topix, 7,476.72 for FTSE, 12,202.62 for Swiss Market, 7,341.101 for S&P/ASX 200
|
Pricing date: | March 22
|
Settlement date: | March 25
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 0.4%
|
Cusip: | 40057LKX8
|
|
© 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.