Published on 10/20/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $19.03 million market-linked notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Oct. 20 – GS Finance Corp. priced $19.03 million of 0% market-linked notes due Oct. 19, 2027 tied to the S&P 500 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 1.1 times the gain, capped at par plus 75%. Otherwise, the payout will be par.
Goldman, Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as dealer.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Market-linked notes
|
Underlying index: | S&P 500
|
Amount: | $19.03 million
|
Maturity: | Oct. 19, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 1.1 times index return, capped at par plus 75%; otherwise, par
|
Initial index level: | 3,583.07
|
Pricing date: | Oct. 14
|
Settlement date: | Oct. 19
|
Underwriter: | Goldman, Sachs & Co. LLC
|
Dealer: | UBS Financial Services Inc.
|
Fees: | 3.5%
|
Cusip: | 40057NJA6
|
|
© 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.