Published on 6/13/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $905,000 market-linked securities on S&P
Chicago, June 13 – GS Finance Corp. priced $905,000 of 0% market-linked securities – upside participation to a cap and fixed percentage buffered downside due Dec. 3, 2024 tied to the S&P 500 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 plus 200% of the index return, capped at par plus 21.9%.
If the index declines by up to 10%, the payout will be par.
If the index declines by more than 10%, investors will be exposed to the decline of the index beyond 10%.
Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC are the agents.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Market-linked securities – upside participation to a cap and fixed percentage buffered downside
|
Underlying index: | S&P 500
|
Amount: | $905,000
|
Maturity: | Dec. 3, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index return is positive, par plus 200% of the index return, capped at par plus 21.9%; if the index declines by up to 10%, par; if the index declines by more than 10%, investors will be exposed to the decline of the index beyond 10%
|
Initial index level: | 4,567
|
Buffer level: | 90% of initial level
|
Pricing date: | Nov. 30, 2021
|
Settlement date: | Dec. 3, 2021
|
Underwriters: | Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC
|
Fees: | 3.325%
|
Cusip: | 40057JZ58
|
|
© 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.