Published on 1/25/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.5 million ETF-linked notes on two iShares funds
By William Gullotti
Buffalo, N.Y., Jan. 25 – GS Finance Corp. priced $1.5 million of 0% ETF-linked notes due Jan. 25, 2028 tied to the iShares MSCI EAFE ETF and the iShares MSCI Emerging Markets ETF, 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 ETF is zero or positive, the payout at maturity will par plus 1.62 times the return of the least performing ETF.
If the least performing ETF falls by up to 30%, the payout will be par. Otherwise, investors will be fully exposed to the decline of the least performing ETF from its initial value.
Goldman, Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | ETF-linked notes
|
| Underlying ETFs: | iShares MSCI EAFE ETF, iShares MSCI Emerging Markets ETF
|
| Amount: | $1.5 million
|
| Maturity: | Jan. 25, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If laggard fund return is flat or positive, par plus 1.62 times laggard ETF return; if laggard ETF falls by up to 30%, par; otherwise, full exposure to losses of laggard ETF
|
| Initial values: | $71.01 for EAFE, $41.73 for EM
|
| Barrier levels: | 70% of initial levels
|
| Pricing date: | Jan. 20
|
| Settlement date: | Jan. 25
|
| Agent: | Goldman, Sachs & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 40057PGC0
|
|
|
© 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.
