Published on 2/3/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.9 million principal-protected notes on index basket
By William Gullotti
Buffalo, N.Y., Feb. 3 – GS Finance Corp. priced $1.9 million of 0% notes due Feb. 4, 2027 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 60% weight and the Euro Stoxx 50 index with a 40% 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, subject to a maximum payout of par plus 30%.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Basket-linked notes
|
| Underlying indexes: | S&P 500 index (60% weight), Euro Stoxx 50 index (40% weight)
|
| Amount: | $1,896,000
|
| Maturity: | Feb. 4, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket finishes positive, par plus the basket return capped at 30%; otherwise, investors will receive par
|
| Initial levels: | 4,431.85 for S&P, 4,136.91 for Stoxx
|
| Pricing date: | Jan. 28
|
| Settlement date: | Feb. 4
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | None
|
| Cusip: | 40057KVD2
|
|
|
|
|
© 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.
