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 12/29/2021 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $1.56 million digital index-linked notes on Stoxx 50

By Kiku Steinfeld

Chicago, Dec. 29 – GS Finance Corp. priced $1.56 million of 0% digital index-linked notes due Sept. 22, 2022 linked to the Euro Stoxx 50, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index finishes at or above its 95% threshold level, the payout at maturity will be $1,086.10 per each $1,000 principal amount of notes. Otherwise, investors will lose 1.0526% for every 1% that the index declines beyond 5%

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Digital index-linked notes
Underlying index:Euro Stoxx 50
Amount:$1,558,000
Maturity:Sept. 22, 2022
Coupon:0%
Price:Par
Payout at maturity:If index closes at or above its threshold level, $1,086.10 per each $1,000 principal amount of notes; otherwise, 1.0526% loss for every 1% that the index declines beyond 5%
Initial index level:4,147.50
Threshold level:95% of initial level
Pricing date:Aug. 20
Settlement date:Aug. 27
Agent:Goldman Sachs & Co. LLC
Fees:0.81%
Cusip:40057JAP1

© 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.