Published on 9/23/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $809,000 leveraged index-linked notes on MSCI Emerging Markets
By Kiku Steinfeld
Chicago, Sept. 23 – GS Finance Corp. priced $809,000 of 0% leveraged index-linked notes due Feb. 4, 2027 tied to the MSCI Emerging Markets 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.
Otherwise, the index return is zero or negative but not below -30%, the payout will be par. Otherwise, investors will be fully exposed to the losses of the index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Issue: | Leveraged index-linked notes
|
Underlying index: | MSCI Emerging Markets
|
Amount: | $809,000
|
Maturity: | Feb. 4, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 1.25 times return; if return is zero or negative but not below -30%, par; otherwise, full exposure to losses
|
Initial index level: | 1,208.23
|
Trigger level: | 70% of initial level
|
Pricing date: | Jan. 31, 2022
|
Settlement date: | Feb. 3, 2022
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 0.5%
|
Cusip: | 40057KUN1
|
|
© 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.