Published on 9/8/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $2.68 million PLUS linked to Russell 2000
New York, Sept. 8 – GS Finance Corp. priced $2.68 million of 0% PLUS due Dec. 5, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum return of par plus 23.6%.
Investors will be fully exposed to any index decline.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management will act as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | PLUS
|
| Underlying index: | Russell 2000 index
|
| Amount: | $2,679,600
|
| Maturity: | Dec. 5, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par plus 300% of index return, subject to a maximum return of par plus 23.6%; otherwise, 1% loss for every 1% decline from initial level
|
| Initial level: | 1,844.115
|
| Upside leverage: | 300%
|
| Cap: | 23.6%
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 6
|
| Agent: | Goldman Sachs & Co. LLC
|
| Distributor: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
|
|
| Cusip: | 36264Q263
|
|
|
|
|
© 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.
