Published on 2/23/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $443,000 leveraged buffered ETF-linked notes on EAFE
By Kiku Steinfeld
Chicago, Feb. 23 – GS Finance Corp. priced $443,000 of 0% leveraged buffered ETF-linked notes due Dec. 21, 2023 tied to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF return is positive, investors will receive par plus the ETF gain, capped at $2,390 per $1,000 face amount of notes.
If the ETF return is flat or falls by up to 10%, investors will receive par. Otherwise, investors will lose 1% for every 1% decline beyond 10%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Leveraged buffered ETF-linked notes
|
Underlying ETF: | iShares MSCI EAFE ETF
|
Amount: | $443,000
|
Maturity: | Dec. 21, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus ETF gain, capped at $2,390 per $1,000 face amount of notes; if ETF return is flat or falls by up to 10%, par; 1% loss for every 1% decline beyond 10%
|
Initial ETF level: | $65.02
|
Buffer level: | 90% of initial level
|
Pricing date: | Nov. 17, 2022
|
Settlement date: | Nov. 22, 2022
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 0.43%
|
Cusip: | 40057NYE1
|
|
© 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.