Published on 4/15/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $20.08 million index-linked notes on S&P, Dow
By Wendy Van Sickle
Columbus, Ohio, April 15 – GS Finance Corp. priced $20.08 million of 0% index-linked notes due Oct. 14, 2025 tied to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index closes at or above its initial level, the payout will be par plus the return of the lesser performing index, capped at par plus 17%.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | S&P 500 index, Dow Jones industrial average
|
Amount: | $20,076,000
|
Maturity: | Oct. 14, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index closes at or above its initial level, par plus return of the lesser performing index capped at par plus 17%; otherwise, par
|
Initial index levels: | 38,892.8 for Dow, 5,202.39 for S&P
|
Pricing date: | April 8
|
Settlement date: | April 11
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 0.15%
|
Cusip: | 40057YNA7
|
|
© 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.