Published on 5/23/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $371,000 capped buffer gears tied to weighted index basket
Chicago, May 23 – GS Finance Corp. priced $371,000 of 0% capped buffer gears due June 28, 2024 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket includes the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.5% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5% weight.
If the basket return is greater than zero, the payout at maturity will be par of $10 plus two times the basket return, subject to a maximum return of 37.5%. Investors will receive par if the basket declines by 10% or less and will lose 1% for every 1% that the basket declines beyond 10%.
Goldman Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Capped buffer gears
|
Underlying basket: | Euro Stoxx 50 (40% weight), Nikkei 225 (25% weight), FTSE 100 (17.5% weight), Swiss Market (10% weight), S&P/ASX 200 (7.5% weight)
|
Amount: | $371,000
|
Maturity: | June 28, 2024
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If basket return is greater than zero, par plus two times basket return, subject to maximum return of 37.5%; par if basket declines by 10% or less; 1% loss for every 1% that basket declines beyond 10%
|
Initial levels: | 3,549.29 for Stoxx, 27,049.47 for Nikkei, 7,323.41 for FTSE, 10,809.57 for Swiss Market, 6,763.641 for S&P/ASX
|
Buffer level: | 90% of initial level
|
Pricing date: | June 28, 2022
|
Settlement date: | June 30, 2022
|
Underwriter: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
Fees: | 2%
|
Cusip: | 36263Q793
|
|
© 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.