Published on 9/30/2023 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $130,000 leveraged trigger notes linked to Euro Stoxx
By Kiku Steinfeld
Chicago, Oct. 2 – GS Finance Corp. priced $130,000 of 0% leveraged index-linked trigger notes due July 22, 2024 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 80% of initial level, the payout at maturity will be par plus the greater of 145.9% of the index return and zero.
If the final index level falls below the 80% trigger level, the payout at maturity will be par plus the index return, with full exposure to losses. The final index level will be the average of the closing levels of the index on each of five consecutive trading days ending July 17, 2024.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged index-linked trigger notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $130,000
|
| Maturity: | July 22, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above 80% of the initial index level, the payout at maturity will be par plus the greater of 145.9% of the index return and zero; otherwise par plus index return, with full exposure to losses
|
| Initial index level: | 4,064.99
|
| Trigger level: | 80% of initial level
|
| Final level: | Average of the closing levels of the index on each of five consecutive trading days ending July 17, 2024
|
| Pricing date: | March 17, 2023
|
| Settlement date: | March 22, 2023
|
| Underwriter: | Goldman Sachs & Co. with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agent
|
| Fees: | 1.167%
|
| Cusip: | 40057R3T3
|
|
|
|
|
© 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.
