Published on 4/22/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.35 million index-linked notes tied to S&P Value, Dow
By William Gullotti
Buffalo, N.Y., April 22 – GS Finance Corp. priced $1.35 million of 0% index-linked notes due April 2, 2029 linked to the least performing of the S&P 500 Value index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is zero or positive, the payout at maturity will be par plus 1.135 times the return of the laggard index.
If the least performing index falls by up to 10%, the payout will be par. Otherwise, investors will be fully exposed to any losses of the worst performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | S&P 500 Value index, Dow Jones industrial average
|
Amount: | $1,347,000
|
Maturity: | April 2, 2029
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the return of each index is zero or positive, par plus 1.135 times the return of the laggard index; if any index falls but the final underlier level of each is greater than or equal to the 90% trigger buffer level, par; if any index falls by more than 10%, investors will be fully exposed to the decline of the worst performing index from its initial level
|
Initial levels: | Lowest closing level of each underlier on any trading day from March 28 to June 28, inclusive
|
Trigger buffer levels: | 90% of initial levels
|
Pricing date: | March 28
|
Settlement date: | April 2
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 3.5%
|
Cusip: | 40057YVN0
|
|
© 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.