Published on 4/18/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $3.96 million of buffered digital basket-linked notes
By William Gullotti
Buffalo, N.Y., April 18 – GS Finance Corp. priced $3.96 million of 0% buffered digital basket-linked notes due April 9, 2026 linked to a weighted 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 36% weight, the Topix index with a 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with a 12% weight and the S&P/ASX 200 index with a 9% weight.
If the basket finishes flat or gains, the payout at maturity will be the greater of par plus 18.43% and par plus the basket return.
Investors will receive par if the basket finishes flat or falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered digital basket-linked notes
|
| Underlying basket: | Euro Stoxx 50 index (36% weight), Topix index (26% weight), FTSE 100 index (17% weight), Swiss Market index (12% weight), S&P/ASX 200 index (9% weight)
|
| Amount: | $3,955,000
|
| Maturity: | April 9, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, the greater of par plus 18.43% and par plus the basket return; if basket finishes flat or declines by up to 15%, par; otherwise, 1.1765% loss for every 1% decline beyond 15%
|
| Initial levels: | 5,069.25 for Stoxx, 2,706.51 for Topix, 7,937.44 for FTSE, 11,616.87 for Swiss Market, 7,782.535 for S&P/ASX
|
| Buffer level: | 85% of initial level
|
| Pricing date: | April 3
|
| Settlement date: | April 10
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.3%
|
| Cusip: | 40057YMY6
|
|
|
© 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.
