Published on 4/27/2023 in the Prospect News Structured Products Daily.
New Issue: GS prices $490,000 leveraged buffered notes linked to EAFE ETF, Euro Stoxx
By Angela McDaniels
Tacoma, Wash., April 27 – GS Finance Corp. priced $490,000 of 0% underlier-linked notes due Dec. 5, 2024 linked to the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of each underlying asset is positive, the payout at maturity will be par plus 1.5 times the return of the lesser-performing asset. Investors will receive par if the lesser-performing asset declines by up to 15% and will lose 1% for every 1% that it declines beyond 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Underlier-linked notes
|
Underlying assets: | iShares MSCI EAFE ETF and the Euro Stoxx 50 index
|
Amount: | $490,000
|
Maturity: | Dec. 5, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If return of each underlying asset is positive, par plus 1.5 times return of lesser-performing asset; par if lesser-performing asset declines by up to 15%; 1% loss for every 1% that lesser-performing asset declines beyond 15%
|
Initial levels: | $70.01 for ETF and 3,789.21 for index
|
Buffer levels: | 85% of initial levels
|
Pricing date: | May 31, 2022
|
Settlement date: | June 3, 2022
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 1.25%
|
Cusip: | 40057LVQ1
|
|
|
© 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.