Published on 4/30/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $3.1 million leveraged buffered notes on S&P 500
Chicago, April 30 – GS Finance Corp. priced $3.1 million of 0% leveraged buffered index-linked notes due Jan. 29, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 119.65% of the return of the index subject to a maximum return of par plus 41%. The payout will be par if the index declines but by no more than the 15% buffer. Investors will lose 100% of any index decline beyond the buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. iCapital Markets LLC is a dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,100,000
|
| Maturity: | Jan. 29, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus 119.65% of index return subject to a maximum return of par plus 41%; par if index declines but by no more than 15% buffer; otherwise, par minus 100% of index decline beyond buffer
|
| Initial level: | 4,890.97
|
| Upside leverage: | 119.65%
|
| Cap: | 41%
|
| Buffer: | 15%
|
| Downside leverage: | 100%
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 31
|
| Agent: | Goldman Sachs & Co. LLC
|
| Dealer: | iCapital Markets LLC
|
| Fees: | 1.75%
|
| Cusip: | 40057XY82
|
|
|
© 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.
