E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/4/2024 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $12.63 million leveraged index-linked notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 4 – GS Finance Corp. priced $12.63 million of 0% leveraged index-linked notes due March 3, 2027 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.25 times the index return, capped at par plus 22.75%.

Otherwise, investors will receive par.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the underwriters.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged index-linked notes
Underlying index:S&P 500 index
Amount:$12,626,000
Maturity:March 3, 2027
Coupon:0%
Price:Par
Payout at maturity:If the index return is positive, par plus 1.25 times the index return, capped at par plus 22.75%; par if index falls or finishes flat
Initial index level:5,069.53
Pricing date:Feb. 26
Settlement date:Feb. 29
Underwriters:Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
Fees:1.75%
Cusip:40057YAG8

© 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.