Published on 1/10/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $11.75 million trigger jump securities on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Jan. 10 – GS Finance Corp. priced $11.75 million of 0% trigger jump securities due July 8, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is zero or positive, the payout at maturity will be par plus 22.1%.
The payout will be par if the index declines by 10% or less. If the index declines by more than 10%, investors will lose 1% for each 1% decline from the initial level.
Goldman Sachs & Co. is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Trigger jump securities
|
Underlying index: | Euro Stoxx 50 index
|
Amount: | $11,753,000
|
Maturity: | July 8, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index return is zero or positive, par plus 22.1%; par if the index declines by 10% or less; otherwise, 1% loss for each 1% decline from the initial level
|
Initial level: | 4,512.81
|
Downside threshold: | 4,061.529; 90% of initial level
|
Pricing date: | Jan. 2
|
Settlement date: | Jan. 5
|
Underwriter: | Goldman Sachs & Co.
|
Distribution: | Morgan Stanley Wealth Management
|
Fees: | 2.5%
|
Cusip: | 40057XL94
|
|
© 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.