Published on 10/13/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.88 million 16.05% fixed coupon equity-linked notes on three stocks
By William Gullotti
Buffalo, N.Y., Oct. 13 – GS Finance Corp. priced $1.88 million of 16.05% fixed coupon equity-linked notes due Oct. 14, 2025 linked to the stock performance of Albemarle Corp., Taiwan Semiconductor Manufacturing Co., Ltd. and Global-E Online Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable quarterly.
The payout at maturity will be par if each stock finishes at or above its 50% trigger level.
Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Fixed coupon equity-linked notes
|
Underlying stocks: | Albemarle Corp., Taiwan Semiconductor Manufacturing Co., Ltd., Global-E Online Ltd.
|
Amount: | $1,881,000
|
Maturity: | Oct. 14, 2025
|
Coupon: | 16.05% per year, payable quarterly
|
Price: | Par
|
Payout at maturity: | If each stock finishes at or above trigger level, par; otherwise, lose 1% for every 1% decline of the worst performer from initial level
|
Initial levels: | $155.03 for Albemarle, $87.03 for Taiwan Semiconductor, $38.78 for Global-E
|
Trigger level: | 50% of initial levels
|
Strike date: | Oct. 5
|
Pricing date: | Oct. 6
|
Settlement date: | Oct. 12
|
Underwriter: | Goldman Sachs & Co.
|
Fees: | 1.25%
|
Cusip: | 40057WNC7
|
|
|
|
© 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.