Published on 8/3/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $3.75 million capped market-linked notes with principal return on basket
By William Gullotti
Buffalo, N.Y., Aug. 3 – GS Finance Corp. priced $3.75 million of 0% market-linked securities – upside participation to a cap and principal return at maturity due Feb. 2, 2026 linked to an equally-weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index and the S&P 500 index.
If the basket finishes at or above its initial level, the payout at maturity will be par plus the return, subject to a maximum payout of par plus 27%.
Otherwise, investors will receive par
The securities are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Market-linked securities – upside participation to a cap and principal return at maturity
|
Underlying indexes: | Euro Stoxx 50 index, S&P 500 index; equal weights
|
Amount: | $3,752,000
|
Maturity: | Feb. 2, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the basket finishes at or above initial level, par plus the return capped at 27%; otherwise, par
|
Initial levels: | 4,072.43 for S&P, 3,652.2 for Stoxx
|
Pricing date: | July 28
|
Settlement date: | Aug. 2
|
Agent: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
|
Fees: | 3.87%
|
Cusip: | 40057MJM2
|
|
© 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.