E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/19/2023 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $1.28 million leveraged buffered notes on Russell 2000

Chicago, Oct. 19 – GS Finance Corp. priced $1.28 million of 0% leveraged buffered index-linked notes due Nov. 18, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains the payout at maturity will be par plus 120% of the return of the index subject to a maximum return of par plus 20.25%. The payout will be par if the index declines by no more than 10%. Investors will lose 1% for every 1% that the index declines beyond 10%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged buffered index-linked notes
Underlying index:Russell 2000 index
Amount:$1,283,000
Maturity:Nov. 18, 2024
Coupon:0%
Price:Par
Payout at maturity:If index gains par plus 120% of index return subject to a maximum return of par plus 20.25%; par if index declines by up to 10%; otherwise, 1% loss for every 1% that the index declines beyond 10%
Initial level:1,719.711
Upside leverage:120%
Cap:20.25%
Buffer:10%
Pricing date:Oct. 13
Settlement date:Oct. 18
Agent:Goldman Sachs & Co. LLC
Fees:0.43%
Cusip:40057WKF3

© 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.