Published on 9/23/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $146,000 leveraged basket-linked notes on Value indexes
By Kiku Steinfeld
Chicago, Sept. 23 – GS Finance Corp. priced $146,000 of 0% leveraged notes March 3, 2023 linked to an equally weighted basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P MidCap 400 Value index, the Russell 2000 Value index and the S&P 500 Value index, weighted equally.
The payout at maturity will be par plus two times any basket gain capped at 13%.
Investors will receive par if the basket finishes flat or falls by up to 15%. If the basket declines by more than 15%, investors will lose 1% for every 1% of decline from its initial level.
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 index-linked notes
|
Underlying assets: | Russell 2000 Value index, S&P MidCap 400 Value index, S&P 500 Value index; equal weights
|
Amount: | $146,000
|
Maturity: | March 3, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If basket return is positive, par plus two times any basket gain capped at 13%; par if basket finishes flat or declines by up to 15%; 1% loss for every 1% of basket decline from initial level
|
Initial levels: | 1,521.39 for S&P 500, 2,343.913 for Russell, 853.40 for S&P MidCap
|
Buffer level: | 85% of initial level
|
Pricing date: | Jan. 31, 2022
|
Settlement date: | Feb. 3, 2022
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 0.75%
|
Cusip: | 40057KMB6
|
|
|
© 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.