Published on 10/12/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $6.49 million buffered digital notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Oct. 12 – GS Finance Corp. priced $6.49 million of 0% buffered digital index-linked notes due Jan. 8, 2025 linked 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 final level of the index is greater than or equal to its buffer level, 87.5% of its initial level, the payout at maturity will be par plus 12%.
Otherwise, investors will lose 1.1429% for every 1% that the index declines beyond 12.5%.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Buffered digital index-linked notes
|
Underlying index: | S&P 500 index
|
Amount: | $6,485,000
|
Maturity: | Jan. 8, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the final index level is greater or equal to buffer level, par plus 12%; otherwise, 1.1429% loss for every 1% decline beyond 12.5%
|
Initial index level: | 4,258.19
|
Buffer value: | 87.5% of initial level
|
Pricing date: | Oct. 5
|
Settlement date: | Oct. 13
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 0.94%
|
Cusip: | 40057WJ99
|
|
© 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.