Published on 6/15/2022 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $1.38 million basket-linked notes on indexes, ETFs
Chicago, June 15 – GS Finance Corp. priced $1.38 million of 0% notes due Dec. 10, 2026 linked to a basket of ETFs and indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 35% weight, the iShares MSCI EAFE ETF with a 30% weight, the Russell 2000 index with a 25% weight and the iShares MSCI Emerging Markets ETF with a 10% weight.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the basket return is positive, the payout at maturity will be par plus the basket return.
Investors will receive par if the basket falls by up to 35% and will be exposed to any losses if the basket falls by more than 35%.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Basket-linked notes
|
Basket components: | S&P 500 index (35% weight), iShares MSCI EAFE ETF (30% weight), Russell 2000 index (25% weight), iShares MSCI Emerging Markets ETF (10% weight)
|
Amount: | $1,375,000
|
Maturity: | Dec. 10, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If basket return is positive, par plus the basket return; par if basket falls by up to 35%; full exposure to losses if basket falls by more than 35%
|
Initial levels: | 4,591.67 for S&P 500; $77.77 for MSCI EAFE ETF; 2,203.47 for Russell; $49.30 for MSCI EM
|
Barrier level: | 65% of initial level
|
Pricing date: | Dec. 6, 2021
|
Settlement date: | Dec. 9, 2021
|
Agent: | Goldman Sachs & Co.
|
Fees: | 1.125%
|
Cusip: | 40057KFJ7
|
|
© 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.