Published on 10/27/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.16 million market-linked notes on MSCI Europe
By Kiku Steinfeld
Chicago, Oct. 27 – GS Finance Corp. priced $2.16 million of 0% market-linked notes due April 5, 2028 tied to the MSCI Europe index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par of $10 plus 1.25 times the index return, capped at 175% of par. Otherwise, the payout will be par.
Goldman, Sachs & Co. is the underwriter with Morgan Stanley Wealth Management as dealer.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Market-linked notes
|
Underlying index: | MSCI Europe
|
Amount: | $2,159,260
|
Maturity: | April 5, 2028
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index return is positive, par plus 1.25 times index return, capped at 175% of par; otherwise, par
|
Initial index level: | 153.83
|
Pricing date: | March 31, 2023
|
Settlement date: | April 5, 2023
|
Underwriter: | Goldman, Sachs & Co.
|
Dealer: | Morgan Stanley Wealth Management
|
Fees: | 3.5%
|
Cusip: | 36265J193
|
|
© 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.