Published on 5/13/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.82 million leveraged buffered basket-linked notes
Chicago, May 13 – GS Finance Corp. priced $1.82 million of 0% leveraged buffered notes due Oct. 12, 2023 linked to a weighted basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Invesco S&P 500 High Beta ETF with a 35% weight, the Russell 2000 index with a 20% weight, the Nasdaq-100 index with a 15% weight, the Euro Stoxx 50 index with a 15% weight and the iShares MSCI Emerging Markets ETF with a 15% weight.
The payout at maturity will be par plus two times the basket gain, subject to a maximum payout of par plus 17.5%.
Investors will receive par if the basket finishes flat or falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
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: | Leveraged buffered basket-linked notes
|
Underlying assets: | Invesco S&P 500 High Beta ETF (35% weight), Russell 2000 index (20% weight), Nasdaq-100 index (15% weight), Euro Stoxx 50 index (15% weight) and iShares MSCI Emerging Markets ETF (15% weight)
|
Amount: | $1,816,000
|
Maturity: | Oct. 12, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If basket return is positive, par plus two times basket gain, up to par plus 17.5%; par if basket finishes flat or declines by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
|
Initial levels: | $74.35 for Beta, 2,214.958 for Russell, 14,766.75 for Nasdaq, 4,012.65 for Stoxx and $49.66 for EM
|
Buffer level: | 90% of initial level
|
Pricing date: | Oct. 6, 2021
|
Settlement date: | Oct. 12, 2021
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 0.8%
|
Cusip: | 40057JMT0
|
|
© 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.