Published on 3/22/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $5.23 million buffered PLUS linked to MSCI EM
Chicago, March 22 – GS Finance Corp. priced $5.23 million of 0% buffered Performance Leveraged Upside Securities due Aug. 3, 2023 tied to the MSCI Emerging Markets 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 positive, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum payment of $12.025 per $10 notes. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Buffered Performance Leveraged Upside Securities
|
Underlying index: | MSCI Emerging Markets index
|
Amount: | $5,233,200
|
Maturity: | Aug. 3, 2023
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index gains, par plus 200% of index gain, subject to $12.025 maximum payment per $10 notes; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
|
Initial level: | 1,329.57
|
Buffer level: | 90% of initial level
|
Pricing date: | Jan. 29
|
Settlement date: | Feb. 3
|
Underwriter: | Goldman Sachs & Co. LLC
|
Dealer: | Morgan Stanley Wealth Management
|
Fees: | 3.175%
|
Cusip: | 36259U451
|
|
© 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.