Published on 4/3/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.68 million leveraged index-linked notes tied to S&P
By William Gullotti
Buffalo, N.Y., April 3 – GS Finance Corp. priced $1.68 million of 0% leveraged index-linked notes due March 25, 2027 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 125% of the index return, capped at par plus 23.1%.
Otherwise, investors will receive par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.
Issuer: | GS Finance Corp.
|
Issue: | Leveraged index-linked notes
|
Underlying index: | S&P 500 index
|
Amount: | $1,684,000
|
Maturity: | March 25, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index return is positive, par plus 125% of the index return, capped at par plus 23.1%; otherwise, par
|
Initial index level: | 5,241.53
|
Pricing date: | March 21
|
Settlement date: | March 26
|
Agents: | Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
|
Fees: | 1.75%
|
Cusip: | 40057YLJ0
|
|
© 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.