Published on 4/30/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $529,000 leveraged buffered ETF-linked notes on Invesco Solar ETF
By Kiku Steinfeld
Chicago, May 1 – GS Finance Corp. priced $529,000 of 0% leveraged buffered ETF-linked notes due Jan. 2, 2025 tied to the Invesco Solar 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 1.5 times the ETF gain, capped at $1,395 per $1,000 principal amount of notes.
If the ETF return is flat or falls by up to 25%, investors will receive par. Investors will lose 1% for every 1% decline beyond 25%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Issue: | Leveraged buffered ETF-linked notes
|
Underlying ETF: | Invesco Solar ETF
|
Amount: | $529,000
|
Maturity: | Jan. 2, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.5 times the ETF gain, subject to a maximum payout of par plus 39.5%; if ETF return is flat or falls by up to 25%, par; 1% loss for every 1% decline beyond 25%
|
Initial ETF level: | $73.08
|
Buffer level: | 75% of initial level
|
Pricing date: | Dec. 27, 2022
|
Settlement date: | Dec. 30, 2022
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 2%
|
Cusip: | 40057P7A4
|
|
© 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.